Top Five Stories on Regulation and Reform
August 28, 2012 10:37 AM
Friends of Traditional Banking, the SuperPAC created by a group of state associations last spring, has taken the next step, narrowing its sights to seven races, including targeting Elizabeth Warren , the founder of the CFPB. The organizers plan to whittle this watch list to two races before committing funds to the chosen campaigns in late September or early October. (Image: Bloomberg News)
Our preview of the Republican and Democratic conventions - and why banks don't feel as welcome as they did four years ago. (Image: Bloomberg News)
Banking regulators are working on a proposal that would require parent firms to act as a "source of strength" for their banking subsidiaries. While such a requirement to some degree has been present for bank holding companies, other types of parents - including thrift holding companies and industrial loan companies - have never faced such a formal mandate. (Image: Bloomberg News)
Democratic legislation that would allow more Americans to refinance their mortgages has stalled in the Senate amid a partisan dispute over whether to allow votes on other housing measures. (Image: Bloomberg News)
The CFPB lost a key asset when it announced last week that its top rulemaker was leaving the agency to re-join Morrison & Foerster. Leonard Chanin had spent a year and a half working on the CFPB's nascent rulemaking operation.
