Law and regulation

Former FHFA Director Mel Watt attempted to coerce an agency employee to engage in a romantic relationship with him, according to an inspector general report.

They all agree that legislation is needed, but the two approaches being offered are exposing tensions.

A Senate confirmation hearing for Todd Harper and Rodney Hood focused on a recent scandal at the National Credit Union Administration, a controversial appraisal rule, regulatory consistency and more.

A potential government shutdoown looms over a busy week in Washington that includes the National Credit Union Administration's monthly board meeting.

A top official at the Office of the Superintendent of Financial Institutions defended tougher underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that regulations could ease if conditions change.

Credit unions are feeling good entering February, following a new nomination to the NCUA board, positive job growth and more.

Harper, a former staffer at the agency, would bring the board to full capacity for the first time in nearly three years if confirmed.

The Consumer Financial Protection Bureau won't require payday lenders to assess borrowers’ ability to repay. American Banker reporter Kate Berry explains why.

With the government functioning again, Congress may finally turn its attention to credit union priorities.

A recent high-profile news story doesn't paint the National Credit Union Administration chairman in a good light, but some in the industry say it could also lead to positive changes on the board.

The company has filed a request with a federal judge in Pennsylvania for a summary judgment in two counts against it, accusing the bureau of failing to provide evidence.

Morris Morgan, previously one of the top large bank supervisors at the OCC, was tapped as senior deputy comptroller and chief operating officer amid a multimillion-dollar effort to revamp the agency.

A federal appeals court ruling that found the leadership structure of the FHFA unconstitutional will face an "en banc" review later this month.

CUNA and NAFCU both issued letters to the National Credit Union Administration suggesting ways federal credit union bylaws could be amended.

Despite the ongoing federal work stoppage, some scheduled activities are still taking place this week in Washington.

Financial institutions of all sizes are offering low- or zero-rate loans, waiving fees and making other arrangements to aid federal workers — a practice that regulators officially blessed on Friday, the 21st day of the closing of many U.S. agencies.

The American Bankers Association has called for an end to the government shutdown, saying it has prevented customers from securing loans and threatens even more damage.

Senator Elizabeth Warren’s first trip to Iowa as a likely presidential candidate highlighted her fiery anti-Wall Street populism.

Now the third-longest shutdown in history, there are few signs the government will reopen anytime soon, and that's causing problems for lenders.

As the government shutdown enters its third week, mortgage servicers are activating the response plans they normally use during hurricanes and wildfires to assist federal workers who may have trouble paying their mortgages.