The Mortgage Bankers Association has promoted Francis Creighton to be the trade group's chief lobbyist. He replaces Erick Gustafson, who is leaving the MBA to head the government relations department of a multinational company. The new vice president and chief lobbyist will be responsible for leading the federal and state legislative activities of the association, according to MBA senior vice president Steve O'Connor. "His background and leadership skills are an ideal fit for managing the day-to-day responsibilities of our legislative and political teams," Mr. O'Connor said. On Capitol Hill, Mr. Creighton previously worked for Rep. Steve Israel, D-N.Y., and the late Sen. Daniel Patrick Moynihan, D-N.Y.
- AB - Policy & Regulation
The D.C. Circuit Court of Appeals halted the Trump administration's attempt to fire nearly two-thirds of the Consumer Financial Protection Bureau's workforce, upholding a March 2025 injunction.
June 21 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
June 18 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18










