News Topic: regulation-reform

Only a strong QM rule can prevent a repeat of the past and protect consumers from the type of risky and irresponsible lending that preceded the foreclosure crisis. ... Read full article

While ICBA supports further study, we hope Congress will come to the conclusion that it should never have been proposed for financial institutions that have no international exposures or are not of a certain size. ... Read full article

Efforts should clarify recourse risk for originators and underwriters, help realign supply and demand in the housing market and assist homeowners. ... Read full article

Few legislators will have much appetite for setting bank capital policy, but it would be a gross error to mistake that discretion for lack of interest in what those policies will do to local economies. ... Read full article

Press releases continue to repeat Treasury's nonsensical claims about the "profit" the program has produced for taxpayers. But it remains to be seen whether not letting banks go out of business actually benefited anyone. ... Read full article

After absorbing the OTS, the OCC abandoned a comprehensive and sophisticated approach to monitoring interest rate risk. ... Read full article

The Uniform Law Commission's commercial code excludes debit cards, which is problematic since courts tend to reject class-action challenges that conflict with it. ... Read full article

Well-intentioned policies are causing inadvertent redlining. Our proposed Dignity Mortgage would show there are few if any additional risks of lending to the large cohort of presently excluded prospective homebuyers. ... Read full article

An analysis of Senate rulings indicates voters who believe in strengthening customer protections should cast their ballots for Democrats, while voters who believe banks should not have to answer to a consumer regulator should choose Republicans. ... Read full article

The simmering controversy over American Express' Bluebird card typifies a classic debate: When do regulations that ostensibly protect the public from shady operators really just protect incumbent businesses from competition? ... Read full article

There needs to be stronger incentive for bankers to behave, far-reaching cultural changes spurred by directors and a unilateral commitment to stamp out money-laundering schemes. ... Read full article

Regulators can solve the supersized bank problem by removing barriers to market forces. The most important step is to offset the implicit senior debt funding subsidy. ... Read full article

And for the same reason those guarantees were limited and temporary - namely, moral hazard - TAG should not be extended. ... Read full article

Without one, community banks will face increased risk of litigation they cannot afford. This could push many of them out of the mortgage market. ... Read full article

Former FDIC chairman Sheila Bair wants to ban the revolving door and, moreover, believes bank examiners should be required to make a lifelong commitment to the profession. Not everyone agrees with this prescription. ... Read full article

The complexity of Basel III is irrelevant to 90% of U.S. banks and should not be imposed on them. If rejecting the rules altogether is not considered politically feasible, a sensible alternative would be to simply exempt all community banks from its ... Read full article

Liability insurance companies generally argue allowing banks to receive insurance coverage for overdraft litigation settlements violates public policy and rewards supposed wrongdoing, but there typically is no explicit exclusion in a policy that justifies ... Read full article

The regulatory maze currently being created under the pretext of helping the consumer and preventing the next housing bust will do neither and will continue to impede the recovery. ... Read full article