News Topic: regulation-reform

Spurred by the financial crisis and its impact on their constituents, state attorneys general appear to be carving out a new role as de facto bank regulators. ... Read full article

The crisis understandably pushed the debate surrounding our global financial competitiveness to the back burner. The poor state of the U.S. economy, however, should provide the reason to renew this debate now. ... Read full article

Under a recently-enacted law, Obama is to reduce Iranian oil revenue by punishing banks that make payments to Iran's central bank. This use of the payments system raises fundamental issues. ... Read full article

A full term at the CFPB would run for five years, until 2017. Keep your eyes peeled. He's a serial office seeker who'll run long before that. ... Read full article

Alex Pollock's "Let's Put Checks and Balances on CFPB" is spot on describing the enormous danger of a politically unchecked CFPB lording over consumer financial services. ... Read full article

The Cordray appointment may make bank compliance issues a focus of this year's presidential campaign. Bankers should not think of this potential outcome as good news. ... Read full article

Banks are receiving huge inflows of non-interest bearing deposits, and are in effect investing the funds in safe and liquid government-backed securities. Great now, but not so good for the long term. ... Read full article

At the World Economic Forum there will be calls for restoring dignity and economic viability to all, but the need for a paradigm shift will remain unacknowledged. ... Read full article

Considering the variety of proposals floated recently to restrict money market mutual funds, it seems people at some government agencies really want to put MMFs out of business. ... Read full article

Private equity's impact on job creation has come to forefront over the last week. Never in my memory have we had a political issue that so distorts reality in favor of emotion. ... Read full article

The main goal of this legislation is to replace the insolvent secondary market dinosaurs with a private market solution by encouraging investors to participate and increase liquidity. ... Read full article

Bank lobbyists tend to dismiss the importance of the consumer agency as a voting issue in the presidential campaign. Here's why they shouldn't. ... Read full article

The CFPB can and should impose safeguards against predatory payday lending institutions. And big banks should take heed and stop providing these lenders with lines of credit. ... Read full article

Setting up a bureaucracy free of any checks and balances is based on a Platonic, that is, an anti-democratic, idea. It rests on the assertion of the superior knowledge of the employees of the bureau. ... Read full article

Republican Jon Huntsman is putting a conservative imprint on the idea of breaking up the largest banks. ... Read full article

In this regulatory environment CEOs need to set compliance priorities. But with so many regulations, and more to come, where to begin? Focus on five areas. ... Read full article

Despite new threats of legal challenges or hopes for structural changes, this agency cannot be wished away. But banks can still influence the size and nature of the role the CFPB will play. ... Read full article

Recourse to originator is proven to work, it's normal. When credit card receivables are securitized, the originator/servicer must stand behind them. ... Read full article