News Topic: regulation-reform

Ed DeMarco must be feeling as popular today as I did back 2004, when as director of OFHEO I faced pressure to accede to the popular sentiment that Fannie Mae could do no wrong. ... Read full article

The Fed's counterparty limit is not so much a banking rule as an indirect antitrust rule. It will create opportunities for smaller institutions to compete. That's the real reason terrified big-bank CEOs are meeting with Fed Governor Tarullo. ... Read full article

Dodd-Frank went a long way toward ending too-big-to-fail. Since large, diversified financial institutions provide significant economic value to clients, the likely effect of arbitrary and preemptive break-ups would be to concede global financial ... Read full article

Any lending incurs losses, but if regulators did their job then the transfer of wealth from payers to deadbeats would be way smaller. ... Read full article

The QM rule must include a safe harbor that affords lenders real protections when making the types of loans that government policy clearly seeks to encourage. ... Read full article

There's a potential economic payoff from the growth that would come from breaking up the big trillion dollar banks. ... Read full article

The very fact that terms like "too-big-to-fail" and "systemically important financial institutions" are in the financial lexicon is proof enough that our financial system is badly out of balance. ... Read full article

It is time for us to completely reconsider compensation for banking executives. Let's "blow up" the incentive model and replace it with a system rooted entirely in base pay. ... Read full article

The history is clear: the CFPB was given flexibility to change the 'qualified mortgage' definition in order to ensure that it does not limit the availability of responsible and affordable mortgages. ... Read full article

Beyond providing governance and ethics lessons about a shocking corporate scandal, this Wal-Mart story illustrates why combining commerce and banking is such a bad idea. ... Read full article

Every notable historical battle that's pitted the outraged against the outrageous actions of the oppressors has had its champions. The French Revolution had Marianne, the foreclosure crisis has Senka Huskic. ... Read full article

A warning on too big to fail might not have the same impact if said by the Occupy movement, but when Federal Reserve officials put it in an annual report, it hits home. ... Read full article

If the CFPB includes enforcement lawyers on compliance examinations it will turn prudential supervision on its head. ... Read full article

First the Republicans pass a bill they must know had zero chance of enactment, misleadingly claiming it will cut the deficit. Even more absurdly, they then compare the Office of Financial Research to Big Brother. ... Read full article

It is precisely because of the confidentiality and security our country offers that so many nonresident aliens deposit their monies in U.S. financial institutions. ... Read full article

Too-big-to-fail stifles economic growth. Oligopolies and asset concentration strangle competition and suppress innovation, job creation and free markets in financial services, as they once did in oil, steel and telecommunications. ... Read full article

Joe Smith could choose a large consulting firm as project team leader only and mandate that this firm pick experts and on-the-ground compliance staff from a wider range of outfits. ... Read full article

Most credit unions outside of the top ten largest institutions do not have the internal systems and personnel to even begin to effectively underwrite and manage commercial loans, large or small. ... Read full article