Policymaking

Higher net interest income and modest growth in expenses helped boost bank earnings by 10.7%, the FDIC said in its Quarterly Banking Profile.

The Republican push to lower the corporate tax rate is already having an impact on banks and other investors in low-income housing tax credits.

The Trump administration says it has put a stop to Operation Choke Point, a controversial initiative aimed at discouraging financial institutions from servicing high-risk businesses.

The financial services industry is at risk of being caught flat-footed if a legislative measure to rescind the Consumer Financial Protection Bureau’s rule regulating arbitration agreements fails to pass.

Republican efforts to repeal the Consumer Financial Protection Bureau's arbitration rule were dealt a significant blow Friday by another Wells Fargo scandal.

While Freddie Mac is moving cautiously into buying manufactured housing loans not secured by land, Fannie Mae is moving more aggressively. Industry representatives are divided on which approach is superior.

House Financial Services Committee leaders and two top real estate trade groups have cut a deal on a bill to reform the National Flood Insurance Program.

Senate Banking Committee leaders are hoping to pass the bill quickly ahead of a looming deadline of Sept. 30 when the program expires.

The House Appropriations Committee approved a HUD funding bill Monday that would prohibit the FHA from insuring properties with a Property Assessed Clean Energy loan in a first-lien position.

The Department of Housing and Urban Development is implementing reforms to its reverse mortgage program and providing more counseling resources for seniors who are considering the product, Secretary Ben Carson said Monday.

The Office of the Comptroller of the Currency told a somewhat familiar story Friday about the industry's risk environment.

If HSBC reaches an agreement with the government, it could give an early indication of how the Trump administration will levy financial penalties.

The Federal Housing Finance Agency made just incremental changes to two of the seven affordable housing benchmarks.

The NCUA is letting federal credit unions securitize and sell assets. Such transactions would free up capital at credit unions, allowing them to make more loans.

The National Association of Home Builders is objecting to a measure that would impose a surcharge on National Flood Insurance Program policies for newly constructed homes.

While HUD has released money this year, the Trump administration has called for defunding the program as part of its proposed budget.

CFPB Director Richard Cordray took issue with a House Republican report that said he lied about his agency's role in investigating the Wells Fargo phony-accounts scandal.

The House Financial Services Committee passed two flood insurance bills but postponed more work until next week.

The Senate Banking Committee voted Wednesday to approve the nomination of Pam Patenaude to be the deputy secretary of HUD.

The House Financial Services Committee is slated to vote on several bills Wednesday that are designed to make private flood insurance a viable alternative to the National Flood Insurance Program.