News Topic: Law and regulation

Is it realistic to think Wells Fargo might get a new female CEO? How one fintech makes women feel welcome, and how another fosters innovation. Plus some of our Most Powerful Women make big moves – two retire, one jumps from BNY Mellon to Amex, one exits a ... Read full article

Former FHFA Director Mel Watt attempted to coerce an agency employee to engage in a romantic relationship with him, according to an inspector general report. ... Read full article

They all agree that legislation is needed, but the two approaches being offered are exposing tensions. ... Read full article

A top official at the Office of the Superintendent of Financial Institutions defended tougher underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that regulations could ease if conditions change. ... Read full article

The Consumer Financial Protection Bureau won't require payday lenders to assess borrowers’ ability to repay. American Banker reporter Kate Berry explains why. ... Read full article

The company has filed a request with a federal judge in Pennsylvania for a summary judgment in two counts against it, accusing the bureau of failing to provide evidence. ... Read full article

Morris Morgan, previously one of the top large bank supervisors at the OCC, was tapped as senior deputy comptroller and chief operating officer amid a multimillion-dollar effort to revamp the agency. ... Read full article

A federal appeals court ruling that found the leadership structure of the FHFA unconstitutional will face an "en banc" review later this month. ... Read full article

Financial institutions of all sizes are offering low- or zero-rate loans, waiving fees and making other arrangements to aid federal workers — a practice that regulators officially blessed on Friday, the 21st day of the closing of many U.S. agencies. ... Read full article

The American Bankers Association has called for an end to the government shutdown, saying it has prevented customers from securing loans and threatens even more damage. ... Read full article

Senator Elizabeth Warren’s first trip to Iowa as a likely presidential candidate highlighted her fiery anti-Wall Street populism. ... Read full article

As the government shutdown enters its third week, mortgage servicers are activating the response plans they normally use during hurricanes and wildfires to assist federal workers who may have trouble paying their mortgages. ... Read full article

A bipartisan bill stirring in the Senate would prohibit lenders from mailing unsolicited checks that can immediately be converted into high-interest loans. Consumer groups call the loans predatory, but lenders say they are a lifeline for cash-strapped ... Read full article

Banks were reluctant to offer services to an industry that had a hazy legal status. That’s about to change. ... Read full article

The current deputy secretary of the Department of Housing and Urban Development, Pam Patenaude, will step down in January. ... Read full article

The White House confirmed that it plans to nominate Mark Calabria as the next director of the Federal Housing Finance Agency. ... Read full article

Republicans on the House Oversight Committee concluded that last year’s massive data breach at Equifax was fully preventable, but stopped short of recommending new laws aimed at averting future hacks. Democrats called the final report a “missed ... Read full article

The administration’s reported interest in having the White House aide run Fannie Mae and Freddie Mac's regulator signals a focus on constraining the mortgage giants’ role in the housing market. ... Read full article