CFPB 2018 outlook: More deregulation, more upheaval

01/02/18

If acting CFPB Director Mick Mulvaney ultimately prevails in the lawsuit challenging his position, he is expected to continue implementing the most significant changes to the agency in its six-year history.

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Fannie Mae's delinquency rate returns to high last seen in March

01/02/18

Fannie Mae's serious delinquency rate climbed to a high not seen since March 2017, but remained lower than it was 12 months prior.

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New York Fed makes rounds in search for next chief

01/02/18

Finding a perfect candidate could be tricky. Because the New York Fed oversees banks and operates in markets, someone with Wall Street experience is ideal — yet at the same time, it’s important to find a candidate who isn’t beholden to the banks.

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MidSouth in La. deemed to be in troubled condition by Fed

01/02/18

The move restricts what MidSouth can independently do with board appointments and executive duties. The company was hit with a similar assessment by the OCC last year.

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Goldman to take $5B tax hit; PwC called negligent in bank failure

01/02/18

But bank will benefit long-term from tax reform; judge says accounting firm failed to detect mortgage fraud that did in Colonial Bank.

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FDIC hits Puerto Rican bank with fine over flood insurance violations

12/29/17

Oriental Bank in San Juan was ordered to pay just over $153,000 for failing to notify borrowers that they were required to purchase flood insurance. The fine was one of several November enforcement actions made public Friday by the FDIC.

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Bankers anxious as Trump mulls credit union regulator for CFPB

12/29/17

In his current position as chair of the National Credit Union Administration, J. Mark McWatters has publicly advocated for cutting back the CFPB’s oversight of the credit union industry.

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Reg relief, GSEs to dominate banking policy on Capitol Hill in '18

12/29/17

A regulatory relief package is likely to come out of the Senate in the new year, and lawmakers could follow it up with a housing finance reform push. But the midterm election could cause some reform initiatives to grind to a halt.

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Citi joins Morgan Stanley, UBS, in exiting broker pact

12/29/17

The Protocol for Broker Recruiting, signed in 2004, was designed to mitigate lawsuits when advisers left to join a competitor. Recent high-profile defections have raised concerns that the accord could unravel.

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Will tomorrow's core banking systems run on open-source software?

12/29/17

Banks' embrace of open-source development could eventually go beyond creating tools and apps — to something far more radical.

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