law-regulation

The Wells Fargo Scam Is a Gift to No One

10/03/16

While the Wells Fargo scandal might offer marketing opportunities for community banks, there is concern about regulatory fallout that fails to distinguish between large and small banks.

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Wells Fargo Scandal Exposes Need for Bank Loan Officer Licensing

09/30/16

Restoring consumer confidence in financial services won't be easy after the latest banking brouhaha, but the Consumer Financial Protection Bureau can help by proactively holding all mortgage loan officers to the same federal licensing standard.

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How the CFPB's Unfairness Doctrine Pushes the Envelope

09/29/16

The Consumer Financial Protection Bureau's proposal not only requires lenders to determine a borrower's ability to repay, but also forces creditors to follow the bureau's approach to making that determination.

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The Big Banks Shouldn't Inherit Our Housing Finance System

09/27/16

The bad-news stories about the largest institutions are worrisome in light of housing finance proposals that could benefit the big banks even more.

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Board Diversity Is the Right Thing to Do: SEC Chair Mary Jo White

09/26/16

The staff at the Securities and Exchange Commission is working on a proposal to amend the current diversity disclosure rule to require more specificity, including information on the race, gender and ethnicity of board members and nominees. Here's why.

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A Lot of Compliance Doesn't Mean Good Compliance

09/23/16

A compliance-at-all-cost mentality, which is the overarching attitude in many banks, results in overspending and overallocating valuable resources to meet both real and perceived compliance standards.

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Fed Deserves Some Blame for Aggressive Cross-Selling Tactics

09/22/16

The Wells Fargo scandal is more reason for officials to tighten policy on anti-tying measures to put a stop to overly aggressive sales methods.

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Let's Not Repeat Failings of Pre-Durbin Age

09/22/16

In 2010, lawmakers passed reforms to bring transparency and competition to a swipe fee market that had been devoid of both. Now, they want to undo that progress.

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It's Time for Banks to Look in the Ethical Mirror

09/20/16

The rampant unethical behavior at Wells Fargo suggests that bankers' ethics are still fundamentally awry eight years after the mortgage meltdown.

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The Silent Crisis in Housing Finance

09/20/16

Contrary to expectations about growing mortgage lending volumes, current industry trends suggest a gradual reduction in capacity for both lending and servicing that should alarm policymakers.

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