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Certain conclusions can already be drawn about the effort to unwind Fannie Mae and Freddie Mac and set up an entirely new housing finance system, including whether it will include a controversial government guarantee.
September 25 -
The CEO of HSBC USA says that stricter regulation is crucial to strengthening the banking system and winning back customers' trust, but she remains frustrated by the glacial pace of the rulemaking.
September 24 -
Sen. Bob Corker, a co-author of legislation to overhaul the mortgage finance market, forcefully defended his proposal that private capital take at least 10% of the first loss on mortgage-backed securities. Others predicted that he'll have to water it down to advance the bill.
September 24 -
Revisions to banks' duties under the Home Mortgage Disclosure Act are coming soon, and they are meant to "ease the operational and technological burdens" of banks, the head of the Consumer Financial Protection Bureau said.
September 24 -
With every action now being scrutinized in real time, banks don't necessarily need guidelines and mandates to know if they are doing right by customers and shareholders, Fifth Third CEO Kevin Kabat says at American Banker's Regulatory Symposium.
September 23 -
Comptroller of the Currency Thomas Curry said his agency plans to issue formal guidelines about the regulator's "heightened expectations" for large banks under its supervision.
September 23 -
Federal Deposit Insurance Corp. Chairman Martin Gruenberg tells audience at American Banker's Regulatory Symposium of need for "complementary" relationship between leverage and risk-based capital ratios.
September 23 -
Community bankers may have a long wish list of legislative changes for Congress to consider, but it is unlikely lawmakers will take up a comprehensive bill addressing those issues anytime soon.
September 23 -
Panelists at American Banker's Regulatory Symposium will discuss a federal proposal addressing how banks should develop risk management policies for their use of social media.
September 23 -
In order to prevent cyber attacks and keep the financial system safe, banks have to understand the key threats to the industry. We asked two top banking regulators what they're worried about right now.
September 23
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The 2.0 version, expected to launch next year, will provide more detailed responses based on more complex, humanlike thought processes.
6h ago -
The breach, which occurred earlier in November, did not directly impact customer operations, but a threat actor stole data meant for customers.
7h ago -
The North Carolina-based bank rolled out a multiyear program to provide loans, investments and philanthropic support to communities in the western part of the state.
7h ago -
Consumer Financial Protection Bureau Director Rohit Chopra said the FICO credit-scoring model has drawbacks in price, predictiveness and market competition, and stakeholders should develop a more open-sourced model that uses artificial intelligence.
8h ago -
Analysts say lenders' shares could rally on deregulation, lighter tax burdens and a resurgence of M&A. Declining interest rates and lower loan losses could further bolster bottom lines and attract investor interest.
9h ago -
The contract gives the nation's oldest bank access to more than $3 billion in deposits a month. Comerica, the current administrator, has received a three-year extension of service to help with the transfer.
10h ago