Financial regulations

Sherrod Brown calls on regulators to suspend non-coronavirus rulemaking


The Ohio Democrat argued that the public wouldn't be able to meaningfully provide feedback on rules given the stressful circumstances related to the outbreak.


Virus scare creates perfect storm for mortgage lenders


Refinancing activity is surging, existing borrowers are inquiring about loan modifications, loan closings are being delayed by more complex credit checks — and banks are short on people to handle it all.


AI models could struggle to handle the market downturn


Many new artificial intelligence and machine learning methods used for underwriting are not fully equipped to predict defaults.


CFPB official will be recused from agency's suit against Fifth Third


Acting Deputy Director Leonard Chanin formerly was a deputy general counsel at the Cincinnati bank that is now in the bureau's crosshairs for allegedly opening unauthorized accounts.


CFPB sues Fifth Third for allegedly opening phony accounts


The Consumer Financial Protection Bureau says the Cincinnati bank engaged in aggressive sales practices and open bank and credit card accounts without consumers' authorization in order to meet sales targets.


Former CFPB official to return to bureau as acting deputy chief


Leonard Chanin, a senior official at the Federal Deposit Insurance Corp., has been tapped to serve on a part-time basis as the No. 2 official at the Consumer Financial Protection Bureau, according to a news report.


CFPB proposes making debt collectors disclose statute of limitations


Debt collectors would have to tell consumers upfront that they cannot sue to recover "time-barred" debt under a proposal issued Friday by the Consumer Financial Protection Bureau.


Lessons for bankers from disasters that didn't have to be


There's much bank executives can learn from the 737 Max and Deepwater Horizon catastrophes, which could have been averted if regulators had been notified sooner.


Retirement wave could leave FDIC short-staffed in crisis, watchdog warns


The inspector general also said high turnover at the chief information officer position has limited the agency's ability to modernize its technology.


OCC's Wells oversight, TD's new consumer chief, big Southeast deal: Top stories of the week


Verdict on OCC’s supervision of Wells Fargo expected in late spring; TD Bank names Matt Boss its new consumer products chief; CenterState and South State plan $3.2B merger with operations stretching from Virginia to Florida; and more from this week’s most-read stories.