Compliance & Regulation

Critics of the regulatory relief bill proposed by Sen. Richard Shelby argue that will endanger the financial system and benefit big banks. But in fact, the changes offer sensible, nonpartisan fixes to some of the biggest problems with the Dodd-Frank Act.

The Rural Housing Service should merge with the Federal Housing Administration to save money and improve service, the head of the Government Accountability Office testified Tuesday.

The national foreclosure law firm Butler & Hosch has shuttered its operations after rapid growth through acquisitions tapped out its cash reserves.

Lost in the debate so far over Shelby's regulatory relief bill are the significant changes it makes to the housing finance system. It essentially takes consensus elements from multiple past stabs at reform, leaving out the most controversial parts and making future reform far easier.

Calling his state's foreclosure process "badly broken and in need of change," New York banking regulator Benjamin Lawsky wants new policies enacted to fast-track vacant property foreclosures and reform the state's mandatory foreclosure mediation requirements.

It's a good idea to raise the asset threshold at which financial institutions are automatically designated as systemically important financial institutions. But Sen. Richard Shelby's proposed legislation for regulatory relief does require one crucial change.

Consent orders with Sprint and Verizon demonstrate the extent that the Consumer Financial Protection Bureau expects businesses — including lenders — to affirmatively protect consumers from harm in any way related to the business transacted between them.

U.S. Bank and Bank of America won't have to face lawsuits claiming they failed to safeguard the interests of investors as required by their contracts.

The Mortgage Bankers Association has formed three new partnerships in an effort to provide new benefits to members.

Banks and mortgage firms representing 70% of the New York market will adopt a set of best practices to combat the "zombie properties" afflicting communities throughout the state, New York Gov. Andrew Cuomo announced Monday.