Readers react to BofA defending reverse mortgage borrowers, support the Federal Reserve creating a real-time payments system, advocate for consolidating federal bank agencies and more. ... Read full article
State regulator Ron Rubin had been asked to resign in May over a sexual harassment complaint, but he attempted to fight the allegations. ... Read full article
Smart rulemaking starts with consolidating multiple agencies into one body with a clear mandate. ... Read full article
The social media giant says its cryptocurrency project can bring services to the world's unbanked. Lawmakers and regulators aren’t so sure. ... Read full article
Policymakers should consider how new data computing can help ensure equal lending, not hinder it. ... Read full article
The National Credit Union Administration caught flak after it approved raising the threshold for appraisals on commercial real estate loans to $1 million. ... Read full article
America's farms have taken on near-record levels of debt in recent years, and commodity prices and trade wars are putting pressure on farm country. That could spell bad news for bankers that lend to them. ... Read full article
The new funding comes as the challenger bank inches closer to gaining regulatory approval for a national bank charter. ... Read full article
Beginning next year, banks will have to dramatically change the way they account for future credit losses, but experts disagree on the new rule's long-term impact. ... Read full article
Focusing regulatory reforms on risk-based activities is a more effective approach to weeding out potential systemic threats. ... Read full article
The legislation, which passed a key test in the state Senate on Wednesday, is the product of a compromise between consumer advocates and some lenders. ... Read full article
Lending to companies with heavy debt loads is a growing business — one that many fear could lead to the next financial crisis. ... Read full article
Dallas Fed chief says lower interest rates may require stricter rules to ward off riskier lending; after financial crisis, debt backed by HELOCs disappeared. ... Read full article
Ron Rubin, on leave after a sexual harassment complaint, filed a lawsuit claiming that the state's chief financial officer, through an intermediary, sought a $1 million contribution as part of a quid pro quo to get the job. ... Read full article
Libra has only been public for a few days, but it has been enough time for regulators around the world to savage the project and schedule hearings. Jorn Lambert, executive vice president of digital solutions for Mastercard, said the project's ... Read full article
Readers weigh in on big tech companies walking away from OCC's fintech charter, House committee wanting Facebook to halt Libra, calls to stop Congress from delaying CECL, and more. ... Read full article
Banks claim that regulators have been avoiding using a transparent public process to implement new regulations, opting instead to use informal guidance that has the impact of policy. ... Read full article
Stress tests have come a long way since first unveiled to shore up confidence in banks. But some critics fear that proposals to make the system more efficient would compromise its safety. ... Read full article
Freedom Northwest in Idaho hopes a proposal from the NCUA will help it bring in more deposits to fund a fast-growing mortgage business. Banks are crying foul. ... Read full article
Options include legislation to study the risk of leveraged loans, more aggressive action by the Financial Stability Oversight Council and additional capital buffers. Policymakers may also choose to do nothing. ... Read full article
