Treasury Department

Asset managers should not be labeled 'shadow banks': Treasury

10/27/17

The term "shadow banking" is a pejorative, implying insufficient regulatory oversight, said Treasury in a report issued Thursday on asset management.

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Is arbitration win a turning point for banks?

10/25/17

The Senate's repeal of the Consumer Financial Protection Bureau rule is arguably the industry's biggest policy victory since passage of Dodd-Frank. But is it the sign of a trend?

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Treasury ignored benefits of CFPB’s arbitration rule: Cordray

10/24/17

Consumer Financial Protection Bureau Director Richard Cordray pushed back against a Treasury Department report critical of the bureau's arbitration rule, saying it overlooked how class action lawsuits help consumers.

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CFPB claims challenged; HSBC FX trader convicted

10/24/17

Treasury contests agency’s claims that ban on mandatory arbitration benefits consumers; former head of FX trading used client information to profit the bank.

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Fight to kill CFPB arbitration rule could rest on whose data is right

10/23/17

With days ticking down for lawmakers to overturn the Consumer Financial Protection Bureau rule, some are now questioning the statistics used to challenge the bureau’s data.

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Treasury says CFPB arbitration rule hurts consumers

10/23/17

The Treasury Department released an 18-page report saying the rule would “impose extraordinary costs” including legal fees mostly for lawyers that bring class-action lawsuits.

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'Regulation by enforcement' makes compliance unpredictable, new MBA chair says

10/23/17

The CFPB's practice of "regulation by enforcement" forces mortgage companies to develop compliance standards based on the mistakes of their peers, rather than clear guidance from the enforcement agency, said David Motley, the new chairman of the Mortgage Bankers Association.

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Treasury regulatory review will include fintech policy, official says

10/18/17

The Treasury Department will release a report early next year on opportunities and risks posed by fintech as part of administration efforts to reform the regulatory structure, Craig Phillips said.

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We need more than half-measures to right-size regulation

10/18/17

Recent regulatory reform activity is a step in the right direction, but the changes envisioned in both a Treasury Department report and a suite of House bills are a mixed bag.

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German central banker questions U.S. rollbacks on capital, liquidity rules

10/13/17

Andreas Dombret, head of regulation at Germany’s central bank, fears entering “the next stage of … an eternal cycle” of crises as countries begin dialing back regulations.

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