FDIC advises banks to exercise caution with agricultural loans
To guard against headwinds in the agricultural sector, the Federal Deposit Insurance Corp. recommended that institutions consider the “overall financial status” of farm loan borrowers.
Politics
‘It’s game time’: Libor transition to pick up steam in new year
Regulators' oversight of the industry's switch to a new interest rate benchmark is expected to intensify as a key deadline approaches.
Opinion No, the FHA should not be pushed to the brink again
Now is not the time for the government to cut Federal Housing Administration premiums and enter new segments of the housing market.
OCC flags risks from banks’ tech overhaul, Libor transition
The agency’s semiannual report warned institutions to be mindful of operational risks from the innovation in core banking systems, and detailed supervisory steps to monitor the adoption of a new reference rate.
Jerome Powell’s narrow path to second term as Fed chair
Unlike previous central bank chiefs, Powell’s chances of being renominated by either the current president or many of the Democratic contenders are slim.
Is the end of Libor a threat to financial stability?
Concerns over banks’ level of preparation have led to worries about disruptions in the lending market, and some financial institutions warn that a new interest rate benchmark could cause lenders to pull back on credit.
Regional banks sound alarm over new interest rate benchmark
Executives sent a letter to the federal banking regulators last month expressing concern that an alternative to the London interbank offered rate could limit credit availability.
Trump to nominate FHA’s Brian Montgomery as No. 2 at HUD
The Federal Housing Administration chief has already been serving as the acting deputy secretary of the Department of Housing and Urban Development.
CFPB to hold symposium on behavioral economics
The event is the bureau's second in a series on consumer protection policy. The first dealt with the agency's authority to penalize firms for unfair, deceptive or abusive acts and practices.
Former FDIC chair joins Fannie Mae’s board
Sheila Bair, who holds board seats at several other organizations, will sit on Fannie's compensation, corporate governance and risk policy committees.
FHA cracks down on cash-out refinancing
The Federal Housing Administration is aiming to limit the share of borrowers who have been withdrawing money from the value of their homes.
Warren warns consumer, corporate debt could cause next crisis
The Democratic presidential candidate argued in a blog post that the U.S. could avoid a recession by canceling most student debt and authorizing regulators to more aggressively monitor leveraged lending.
Opinion Three ways to draw private capital back into mortgages
There are clear actions that regulators at the CFPB, SEC and FHFA can take to help attract investors into the housing market, argues former FHFA Director Ed DeMarco.
Is a leveraged lending crisis imminent? Depends who you ask
Lawmakers waded into a growing debate about the threat posed by corporate credit risk.
FHFA announces senior staff appointments
The Federal Housing Finance Agency has named three senior advisers for policy, economics and communications.
Opinion CFPB has too much flexibility in assessing fines
The bureau should adopt a clear, consistent framework for determining civil money penalties against financial firms.
Eric Mogilnicki
Covington & Burling
GSE capital rule expected this summer: FHFA’s Otting
The Federal Housing Finance Agency is planning on finalizing its proposed capital requirements for the government-sponsored enterprises this summer, the agency's acting director said Wednesday.
Crapo planning two days of Senate Banking hearings on GSE reform
The Senate Banking Committee will hold two hearings at the end of March on Chairman Mike Crapo’s most recent framework for housing finance reform.
Carson plans to leave HUD after 2020 election
The secretary of housing and urban development plans to "finish out this term" but wants to return to "the private sector because I think you have just as much influence, maybe more."
Opinion Changes to capital rules should be part of GSE overhaul
As policymakers consider administrative reforms to Fannie and Freddie, they must address the problem of capital arbitrage to avoid overleveraging the mortgage system.
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