Law and regulation

The DOJ's initiative ensures that federal and state laws are not circumvented by predatory lenders … and gives federal authorities a chance to fix a very broken industry.

The Office of the Comptroller of the Currency named agency veteran Gary Whalen deputy comptroller for economic policy and analysis effective April 6.

Ginnie Mae is declaring its reverse mortgage securitizations off-limits for a new type of product that would require the servicer to take interest rate risk.

Rep. Scott Garrett, R-N.J., a senior member of the House Financial Services Committee, introduced a bill Thursday designed to increase transparency at the Financial Stability Oversight Council.

The Federal Reserve rejected capital plans for three foreign-owned banks, which need time and millions of dollars in investments to make the requisite tech upgrades in order to comply.

A U.S. magistrate judge in North Carolina dealt a blow to government efforts to use the 1980s-era Financial Institutions Reform, Recovery, and Enforcement Act to penalize big banks, but many experts say the decision — which is not binding — may just be a temporary glitch.

Bitcoin ATM providers and virtual currency exchanges may be subject to Texas licensing requirements, according to regulatory guidelines issued by the Texas Banking Commissioner on April 3.

The largest and most powerful arm of the central bank of the U.S. has finally admitted the megabank emperors have no clothes. It is past time that we as a nation get to the bottom of this dangerous threat and fix it

FHA reform would serve as a major enhancement to the Johnson-Crapo proposal as it could ensure long-term viability of both the MMI and new Mortgage Insurance Fund.

Federal Reserve Board Gov. Jeremy Stein on Thursday submitted his letter of resignation to President Obama.

Charlie Keating, who died Tuesday, epitomized an era today's mortgage lenders would do well to remember as low-yielding portfolio assets tempt them to take bigger risks.

Lawmakers from both sides of the political aisle reached a rare accord Wednesday during a House Financial Services subcommittee hearing, pledging to further investigate allegations of retaliation and discrimination among employees of the Consumer Financial Protection Bureau.

Drew Breakspear spent decades as a banker before becoming the top industry enforcer in Florida. He is empathetic to banks, realizes the growing importance of virtual currencies like Bitcoin and believes more bankers should serve on the Fed's Board of Governors.

Sens. Mark Warner, D-Va., and Mark Kirk, R-Ill., introduced legislation on Wednesday to increase fraud protections for debit card customers.

The GSEs are the essence of highly leveraged, systemically important financial institutions, based on their size, interconnectedness and the lack of substitutability

Charles H. Keating, whose leadership of a California savings and loan made him the face of a banking crisis and a millstone around the politicians who tried to help him, has died. He was 90.

An upcoming Senate Banking Committee vote this month could be the tipping point needed for housing finance reform to actually happen — or it could signal yet more stagnation. American Banker editors discuss the political stakes and potential pitfalls as Congress attempts to change how the government supports the mortgage market.

WASHINGTON — The Federal Reserve Board is scheduled to meet next week to vote on a tougher leverage ratio for the country's eight largest U.S. banks, the agency announced Tuesday.

Rep. Maxine Waters' plan to overhaul the mortgage finance market may be dead-on-arrival in the House, but it is still likely to help determine the fate of a separate Senate bill seen as the leading congressional attempt to enact reform.

HSBC has "much work" to do as part of a $1.9 billion agreement with the Justice Department to avoid prosecution for money laundering, the U.S. said in a status report on the U.K.-based bank's performance.