News Topic: Policymaking

Sen. Elizabeth Warren, D-Mass., and four other Democrats on the Senate Banking Committee are insisting on a recorded vote by the full Senate for the nomination of Brian Montgomery as Federal Housing Administration commissioner. ... Read full article

The legislation — and public perceptions of it — are expected to play a major role in 2018 elections that will determine whether Republicans retain control of Congress. ... Read full article

Companies like Visa and Mastercard make decisions about security in secrecy, without enough input from banks and merchants. ... Read full article

Readers sound off on Mick Mulvaney’s plan to hire political appointees at the Consumer Financial Protection Bureau, question what’s behind the failure of Washington Federal Bank for Savings in Chicago, react to an argument that Equifax must endure, and ... Read full article

Earlier versions of the bill would have caused bigger changes in how Americans finance home purchases, higher education and retirement. Still, the final legislation will have important effects on borrowing and saving decisions. ... Read full article

The Consumer Financial Protection Bureau said Thursday that it plans to reopen its rulemaking for the Home Mortgage Disclosure Act and will not assess penalties against mortgage lenders for any errors in data collected in 2018. ... Read full article

The economy is ripe for another downturn in the months or years to come, and banks shouldn’t be lulled into a false sense of security. ... Read full article

The credit bureau enraged many with its response to a massive data breach this fall, but closing the company down would ultimately harm consumers. ... Read full article

The House vote moved a sharp reduction in the corporate tax rate for banks and other businesses to within a few steps of becoming law. ... Read full article

Top officials at the Internal Revenue Service met with mortgage industry groups this week to discuss possible fixes to the agency’s verification system, which lenders rely on to process mortgage loans. ... Read full article

The Trump administration has previously signaled that it wants to bring the Office of Financial Research under its control. Now it may have the opportunity to do so. ... Read full article

With tax reform close to the finish line, bankers are still clear winners from the compromise worked out between House and Senate negotiators. But the bill includes some caveats that might give institutions pause. ... Read full article

The two Democratic lawmakers sent a letter Monday to the four largest servicing companies asking them to address borrower complaints. ... Read full article

House bill would deregulate both domestic and foreign banks that control trillions of dollars of combined assets, reducing financial stability and tying the hands of regulators to reapply heightened standards in the future. ... Read full article

While a robust dialogue about all forms of financial products is critical and regulation to protect consumers is necessary, removing a source of credit for hard-working Americans and eliminating choice should not be the focus of any federal agency. ... Read full article

For the first time in nearly nine years, an acquirer of a failed bank agreed to purchase only the institution’s insured deposits, making it likely that some customers will not recoup all of their uninsured funds. ... Read full article

The government-sponsored enterprises are at the heart of our housing finance problems, not the solutions. ... Read full article

For decades, Fannie Mae and Freddie Mac helped working-class Americans get mortgages. That essential and powerful role in the national economy is fading. ... Read full article