Trump administration

How much should banks fear a Democratic victory in 2020?


The financial policy views of progressive candidates atop the presidential field are sure to worry bankers, but it would be difficult for any new president to implement sweeping regulatory changes.


Jerome Powell’s narrow path to second term as Fed chair


Unlike previous central bank chiefs, Powell’s chances of being renominated by either the current president or many of the Democratic contenders are slim.


HUD promotes former CFPB official criticized for blog posts


Eric Blankenstein, who resigned from the Consumer Financial Protection Bureau in May after the discovery of his racially charged writings, was named acting executive vice president of Ginnie Mae.


Pressure grows on administration to fill Fed, FDIC seats


Senate leaders say they're ready to consider appointees to fill vacancies at the two regulatory agencies, if only the White House would send over their names.


Trump administration wants Supreme Court to back GSE profit sweep


A lower court “erred” when it sided with Fannie Mae and Freddie Mac’s investors, the Justice Department said in its petition to the high court.


Mnuchin open to easing liquidity rules; BofA employees rewarded


Treasury Secretary says regulators could look to help ease liquidity logjam in money markets; workers will get special bonuses for the third straight year.


HUD, Justice Dept. aim to ease lenders' False Claims Act burden


The government has used the law to bring fraud claims against Federal Housing Administration lenders, but the new steps respond to criticism that minor offenders were also getting punished.


House passes bill to crack down on shell companies


The Corporate Transparency Act would require companies to report their true owners to the Financial Crimes Enforcement Network, removing the burden of banks to collect beneficial ownership information about their clients.


What Supreme Court case means for CFPB’s future


Will the justices go further than answering constitutional questions about the bureau's leadership structure?


Supreme Court will hear CFPB constitutionality case


The high court will decide how much latitude a president has to fire the director of an independent agency.