News Topic: regulation-reform

What the mortgage industry wanted was a clear-cut rule from the CFPB. What it received was 800-plus pages of confusion. ... Read full article

The lawmaker behind the Federal Reserve and Glass-Steagall Acts understood that unless legislation imposes specific rules, including clear limits on financial institutions' activities, we are bound to have lax regulation, excessive speculation, and ... Read full article

Why do we instinctively cower to power after financial crises and human tragedies? And what can be done about it? ... Read full article

A recent BankThink post bemoans the one-size-fits-all application of Basel III. But the reason capital rules have become so sweeping is because banks have become bigger, more complex and more connected to the global economy. ... Read full article

Political denial and cover-up are in the CFPB's DNA. The agency was predestined to be overbearing, which will only hurt borrowers in the long run. ... Read full article

Why haven't any senior Wall Street executives gone to jail for the financial crisis? PBS' "Frontline" is the latest mass media outlet to ask this increasingly unanswerable question. ... Read full article

Real GSE reform could take years. That's too bad, but in the meantime, the FHFA can start to redesign the securitization process - and phase out redundancies between Fannie and Freddie. ... Read full article

Strip nonbank broker-dealers of their ties to the banking system, and the market will demand stronger capital and safer asset growth from these firms, making their failures less systemically dangerous. ... Read full article

Shareholders, Congress and federal banking regulators are demanding greater accountability from executives and boards for risk management lapses. States ought to rise with the tide. ... Read full article

Taking money from available funds to reserve against "Too Big to Fail" may save the banks, but put the countries and their economies into recession. ... Read full article

No, the standards weren't "watered down," media hype notwithstanding. But the Basel Committee is considering a complete pass for banks with government lifelines. This would enshrine "too big to fail." ... Read full article

The ill-conceived tax act is in direct conflict with many foreign laws, and would be another hammer blow to America's fragile economy since it would dramatically reduce foreign investments. ... Read full article

If a regulator overreaches its stautory authority, fails to adequately weigh costs against benefits or tries to hold the bank to arbitrary or capricious standards, you've got a case. ... Read full article

Taking money from available funds to reserve against "Too Big to Fail" may save the banks, but put the countries and their economies into recession. ... Read full article

A new paper dredges up a tired argument against the Community Reinvestment Act, which played an important role in sustainably expanding home lending to many Americans. Let's move on already. ... Read full article

Regulatory changes to the 1099-B, 1099-K and 1042-S forms, intended to help reduce the $450 billion tax gap, will make it much more difficult to avoid penalties and tricky customer service issues. ... Read full article

The Basel III liquidity plan is the latest case of a global rule hostile to local realities. ... Read full article

Giving regulators more levers to pull and buttons to push with respect to the financial system only creates a false sense of security. The new regulatory powers come with few meaningful accountability checks. ... Read full article