The bill aimed at helping struggling homeowners also requires documentation of servicer behavior and FHFA evaluation of the services provided to borrowers.
Though Mick Mulvaney has restarted the agency's data collection process, Sens. Elizabeth Warren and Mark Warner said collecting more information was the key to writing better rules.
The panel will vote on economist Richard Clarida to be vice chairman of the Fed board and Michelle “Miki” Bowman to take a seat designated for a community banking expert.
The appointment of the former top lawyer at Fifth Third Bank rounds out the Trump administration’s picks to run the federal prudential banking agencies.
There’s renewed focus on the relative importance that capital and liquidity should play in regulation, but the discussion misses another measure that should rank higher in bank evaluations.
Bankers to British royalty are not so decorous. Aussies play the (gender) blame game, after AMP fiasco. NYSE's Stacey Cunningham could be standing on a cliff. And, what’s with the men of "Arrested Development"?
Montgomery was confirmed by the Senate 74-23 to serve his second stint at the FHA, where he previously was commissioner during the George W. Bush administration.
