Agencies sign off on final Volcker Rule changes
The reforms will result in significant changes to the proprietary trading ban first proposed by former Federal Reserve Chairman Paul Volcker and mandated in the Dodd-Frank Act.
Trump administration
Pelosi, Waters defend CFPB’s constitutionality in Supreme Court brief
The two Democrats waded into a court battle over the president's ability to fire a director of the Consumer Financial Protection Bureau.
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.
Kraninger’s stance on CFPB constitutionality puts rules in limbo
By declaring that she has too much statutory power, the agency’s director has potentially opened a floodgate of litigation.
How Supreme Court could decide CFPB constitutionality question
If the court agrees to hear the case, its conservative majority could make it easier for a president to fire a CFPB director, though other outcomes are possible.
Fannie, Freddie recapitalization unlikely before 2020 election: KBW
The recapitalization of Fannie Mae and Freddie Mac prior to the 2020 election is unlikely even if the net worth sweep ends, according to a Keefe, Bruyette & Woods report.
Trump housing plan could have unintended consequences for FHA
The proposed reforms of Fannie Mae and Freddie Mac have gotten all the attention, but the administration also wants to scale back the Federal Housing Administration, expand its capital cushion and adopt risk-based pricing. Some of the ideas have former agency officials concerned.
Led by Trump appointee, CFPB is back in the enforcement business
There were signs Kathy Kraninger would continue a rollback of consent orders and investigations, but many observers see an aggressive approach reminiscent of the Obama era.
CFPB’s Kraninger agrees: Her job security is unconstitutional
The agency's director told congressional leaders and staff that she backs a Supreme Court challenge to the bureau's leadership structure.
Would a Democratic president fire CFPB’s Kraninger?
The Supreme Court may be closer to examining a key restraint on a president's ability to change CFPB leadership.
Trump administration will move on GSE plans if Congress doesn’t: Mnuchin
The Treasury secretary said he hopes lawmakers will back reforms of Fannie Mae and Freddie Mac within three to six months.
Did Treasury’s GSE report move the needle?
The Trump administration raised the goal posts for ending the conservatorships of Fannie Mae and Freddie Mac, but how officials get there is still highly uncertain.
Cheat sheet: Trump administration’s road map for GSE overhaul
The Treasury Department made clear in a much-anticipated report that it prefers Congress take up reform of the government-sponsored enterprises, but it also recommended steps that federal agencies could take without legislation.
What’s left of the Volcker Rule after the final rewrite?
After two regulatory agencies adopted final revisions to the rule, Dodd-Frank defenders expressed concern that the amendments to the proprietary trading ban undermined the post-crisis statute.
Regulators scrap proposed Volcker Rule compliance standard
The agencies had proposed an "accounting prong" as an alternative means to determine which proprietary trades are banned, but their final rule heeded industry concerns that that would be worse than the current approach.
CFPB names student loan servicing exec as ombudsman
Robert G. Cameron, a former official at the Pennsylvania Higher Education Assistance Agency, will succeed Seth Frotman as the bureau's point person on student lending complaints.
A GSE plan before the election has risks — but so does doing nothing
Some believe the administration will delay action on Fannie Mae and Freddie Mac to avoid any political fallout. Others say the window for reform is closing.
What to expect when you’re expecting a report on GSE reform
Treasury and HUD are close to unveiling administrative and legislative options for ending the conservatorships of Fannie Mae and Freddie Mac. Will their findings be heavy on detail or leave a lot unanswered?
‘The risk isn’t in the banks’: Fed’s Powell on leveraged lending
Federal Reserve Chairman Jerome Powell says the agency is closely monitoring leveraged lending risks, but suggests further regulations on banks aren’t warranted.
Former CFPB official criticized for blog posts joins Ginnie Mae
The mortgage agency has hired Eric Blankenstein, who sparked controversy while at the consumer bureau over past revelations of racially charged writings.
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