August 17, 2018
Fintech and Mortgage Lending
The Trump Administration released its fourth and final report on Nonbank Financials, Fintech, and Innovation in its A Financial System That Creates Economic Opportunity series. The report differs from the previous three as it does not throw the Consumer Financial … Continue reading
April 5, 2018
Fight Over The Community Reinvestment Act
Bloomberg BNA quoted me in Community Investment Revamp for Banks Likely To Spark Fight (behind a paywall). It opens, Community groups and banks agree that the Community Reinvestment Act needs an update, but with regulators beginning an ambitious overhaul of the … Continue reading
April 5, 2018 in Treasury | Permalink | No Comments
April 4, 2018
“Modernizing” the Community Reinvestment Act
The Trump Administration has been signaling its intent to do a makeover of the Community Reinvestment Act of 1977 (CRA) for quite a while, describing it as a much needed update. Last June, Treasury stated in its Banks and Credit … Continue reading
February 16, 2018
Treasury’s Take on Housing Finance Reform
The Department of the Treasury released its Strategic Plan for 2018-2022. One of its 17 Strategic Objectives is to promote housing finance reform: Support housing finance reform to resolve Government-Sponsored Enterprise (GSE) conservatorships and prevent taxpayer bailouts of public and … Continue reading
February 16, 2018 in Treasury | Permalink | No Comments
October 31, 2017
Relegating Consumer Protection To The Shadows
The Department of the Treasury released its report on Asset Management and Insurance, which follows on the heels of its report on the capital markets. The latest report calls for replacing the term “shadow banking” with “market based finance.” (63) The … Continue reading
October 31, 2017 in Treasury | Permalink | No Comments
October 6, 2017
Treasury’s Overreach on Securitization Reform
The Department of the Treasury released its report, A Financial System That Creates Economic Opportunities Capital Markets. I will leave it to others to dissect the broader implications of this important document and will just highlight what it has to … Continue reading
October 6, 2017 in Treasury | Permalink | No Comments
June 16, 2017
Fox in The CRA Henhouse
Law360 quoted me in Treasury’s Fair Lending Review Worries Advocates (behind a paywall). It reads, in part, President Donald Trump’s Treasury Department said Monday that revisiting a 1977 law aimed at boosting bank lending and branches in poor neighborhoods was a “high … Continue reading
June 16, 2017 in Treasury | Permalink | No Comments
