News Topic: regulation-reform

By deleting three words from the Dodd-Frank Act, regulatory agencies could "refer to" credit ratings, which certainly makes sense, while never "requiring reliance" on them, which doesn’t. ... Read full article

Recent Fed chairman have embroiled themselves far too deeply into White House and congressional politics. ... Read full article

When sophisticated, global institutions leave a country or line of business, they create a vacuum likely to be filled by outfits less sensitive to, or capable of managing, the risks involved. ... Read full article

Another big law like Dodd-Frank could be harmful to the mortgage market, but an incremental approach to housing finance reform might be the perfect solution. ... Read full article

Community banks have a proportionate disadvantage to taxpayer-subsidized megabanks as the crushing burden of regulation meant to stop the abuses of Wall Street rain down excessively on Main Street. ... Read full article

Given her philosophy, Janet Yellen is likely to continue the Federal Reserve’s highly accommodative monetary policy as chairman. That is worrisome. ... Read full article

A recap of the informed opinions (and the discussions they generated) on BankThink this week. ... Read full article

A dedicated federal insurance regulator would understand the risks of the insurance business – which are fundamentally different from those in banking – while monitoring systemic dangers posed by the largest insurers. ... Read full article

Bloomberg estimates big banks receive an $83 billion taxpayer ‘subsidy’ a year. But calculating bank funding levels at normal, as opposed to crisis times, and accounting for Dodd-Frank compliance costs yields a very different estimate. ... Read full article

Politically connected firms might simply be more willing to participate in government-sponsored programs. Or, perhaps more disturbingly, banks might view their political connections as an insurance policy, which may encourage more reckless or risky ... Read full article

Comptroller Thomas Curry’s 'heightened expectations' for large banks should include whether our communities are substantially better off as a result of their presence. ... Read full article

It’s almost impossible to disclose the exact amount of third-party fees that will be charged for delivering money when those third parties may include a village council or military authority. ... Read full article

Over the past few years, Wall Street’s collapse has led to a crackdown that’s put many wrongful practices off limits, but it remains a place where a lot of very bad behavior continues to take place out in the open. ... Read full article

Where possible, regulators should avoid establishing static, prescriptive criteria that do not give lenders the ability to consider compensating factors in meeting the financing needs of qualified borrowers. ... Read full article

Fed watchers are sharply divided over whether Yellen will rely on Tarullo to set banking policy for the central bank or if she will marginalize him. But there's a bigger question that matters more. ... Read full article

An executive order in February tapped cyberthreats as one of the most serious national security challenges our nation faces. Too bad most cybersecurity personnel were furloughed as part of the shutdown. ... Read full article

If the states are determined to reform force-placed insurance and the CFPB is determined to reform add-on products, they should propose rules and subject them to meaningful public notice and comment periods. ... Read full article

Consumers will have more confidence in the formal system of money transfers once they are given clear information about how much money will actually be available on the receiving end. ... Read full article