The Debit Interchange Fee Study Act called for a six-month regulatory study on the cost of the rules and their impact on consumers. There are good reasons to revisit that approach now.
The Dodd-Frank stress testing requirements for midsize banks add to their already considerable compliance burden, with questionable payback in terms of better risk management, at least in the near term.
In a little-noticed agreement with Wells Fargo, the Office of Foreign Assets Control raised the bar on acceptable checking practices and potentially exposed many other financial institutions to penalties.
Editor-at-Large Barbara A. Rehm has argued for months that Dodd-Frank implementation should be sped up so banks can know the rules they face. A slew of sources disagree heres why.
Regulators and financial firms must listen to each other and work together to protect the interests of customers and stakeholders. Only then, will they be able to build a safe and sound financial system.
When it comes to financing the average middle-class American, our government-backed mortgage entities will accept nothing but the most pristine standards. Except when it comes to the millions of home loans for which the feds want lenders to toss standards out the window.
