Joe Adler has been with the Washington bureau of American Banker since 2006, writing on a variety of topics about the federal government's financial services policy. Before joining American Banker, he worked at newspapers in New England, beginning his career as a sportswriter in Massachusetts.
The Trump administration was set to release an executive order Friday calling for a review of the Dodd-Frank Act, but the immediate questions about the order focused on what authority the White House has to enact real change.
The agency may finally be reaching resolution on whether Fannie Mae and Freddie Mac will allow principal reductions, two years into Director Mel Watt's tenure as agency director and nearly a decade after the mortgage bubble burst.
Banks that sold faulty mortgage-backed securities right before the crisis have suffered a string of legal defeats over the timing of government lawsuits, but some experts believe the industry may still have a shot in the Supreme Court.