BankThink

Lenders’ choices today are stark: Make Qualified Mortgage loans and risk being sued under the disparate-impact doctrine; make non-QM loans and risk being sued under the ability-to-pay-doctrine; or sell their loans to Fannie Mae and Freddie Mac.

Receiving Wide Coverage ...

Co-op Bank Probe: The U.K. Treasury has launched a probe into Co-operative Bank that will examine how the bank was run (and regulated) in the years leading up to its current crisis. Scan readers will recall that the bank is in the middle of bailing itself out largely by ceding control to institutional investors. The Journal says the inquiry "may prove uncomfortable for Britain's politicians, particularly in the opposition Labour Party, some...

Tougher restrictions on job duties, zero tolerance from senior management and compensation structured around long-term incentives, among other things, will prevent the wrong people ending up in banking for the wrong reasons.

Receiving Wide Coverage ...

Yellen in Home Stretch: The Senate Banking Committee voted to confirm Janet Yellen's nomination for Federal Reserve chairman, and a change in Senate filibuster rules virtually guarantees she'll be confirmed by the full chamber. That change in parliamentary procedure — the "nuclear option" Majority Leader Harry Reid's been brandishing — will prevent filibusters for most presidential nominees. As such, it "represents a substantial power shift in a chamber that for more than...

"I would use this," Mom said, "if there was a place nearby that accepted it." Mobile adoption confronts the classic chicken-or-egg conundrum.