Is New DOJ Policy to Target Execs a Sham?

The Justice Department's announcement that it would target individual executives at banks and other companies that are being investigated for wrongdoing has sparked a debate about whether the move is actually substantive or instead just designed to boost the agency's public image. News

By |2017-05-20T11:44:50-05:00September 19th, 2015|News|Comments Off on Is New DOJ Policy to Target Execs a Sham?

Here’s Why Hurricane Katrina Still Matters

There is great temptation in moments of crisis to do things that feel good but are contrary to constructive long-term public policy. Following Katrina, Louisiana built a solid foundation from which local community efforts succeeded. News

By |2015-09-15T16:12:51-05:00September 15th, 2015|News|Comments Off on Here’s Why Hurricane Katrina Still Matters

Banks Win FHA Support in Lien Fight with PACE Lenders

The Federal Housing Administration has resolved a long-standing conflict with municipalities and private companies that back "green energy" loans that is expected to benefit banks and other mortgage lenders. The next question is whether the regulator of Fannie Mae and Freddie Mac mortgages will do the same. News

By |2015-09-12T03:12:39-05:00September 12th, 2015|News|Comments Off on Banks Win FHA Support in Lien Fight with PACE Lenders

Fuchs to Take Acting Role as CFPB’s No. 2

The Consumer Financial Protection Bureau named Meredith Fuchs, the agency's general counsel, to fill the bureau's No. 2 leadership soon to be vacated by Steven Antonakes. News

By |2015-08-25T10:12:56-05:00August 25th, 2015|News|Comments Off on Fuchs to Take Acting Role as CFPB’s No. 2

Banks’ Win in NYC Threatens Cities’ Reinvestment Laws

A New York law that was invalidated by a federal judge was one of many efforts by big cities to pressure banks into making more investments in local communities after the crisis. Some municipal laws could be more vulnerable to bankers' legal challenges than others. News

By |2015-08-21T21:15:19-05:00August 21st, 2015|News|Comments Off on Banks’ Win in NYC Threatens Cities’ Reinvestment Laws

Regulators Should Hold CIT Bank Accountable for Strong CRA Plan

Regulators have given the merger between CIT Group and OneWest Bank the green light — so long as CIT comes up with a revised Community Reinvestment Act plan. This condition is good news for the low-income communities impacted by the merger and sets a strong precedent for regulators' review of future bank deals. News

By |2017-05-20T11:44:55-05:00August 18th, 2015|News|Comments Off on Regulators Should Hold CIT Bank Accountable for Strong CRA Plan

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