Links in “Banks”

Report looks at the two sides of the governance, risk and compliance platform coin. [5/21]

Physical safety and well-being comes first, but a financial preparedness plan will go a long way to expediting recovery from a natural disaster. ICBA offers several tips for consumers. [5/21]

Massachusetts Attorney General Martha Coakley sends three-page letter to new Federal Housing Finance Agency Director Mel Watt calling for principal reductions and nonprofit home buyback programs. [5/21]

Ahead of this week's House hearing probing allegations of retaliation and discrimination among employees at the CFPB, the agency releases a report that finds its discrimination wasn't just based on race, but age, location, tenure, and union membership. At a cost of $5 million or more, the agency will pay agency employees as if they received the highest rating available at the time of their evaluation. [5/20]

AztecAmerica Bank, founded at the height of the real estate boon in 2005, was closed by state regulators. It had a troubled asset ratio of 470%, compared to a national median of 8.4%. [5/20]

Recent changes by the Federal Housing Finance Agency and the Federal Housing Administration have reignited the debate about whether regulators are swinging the pendulum too far the other way. [5/20]

The CFPB has received more than 15,000 complaints submitted by older consumers, with one-third of those related to mortgages. The CFPB notes that older consumers are carrying more mortgage debt into retirement, with few older homeowners owning their home outright than in the past two decades. [5/19]

Maryland joins in the regulatory chorus warning consumers about the high risks of virtual currency. [5/19]

Survey finds that Know Your Customer and anti-money laundering regulations continue to dominate banker concerns from all across the globe. [5/19]

The Johnson-Crapo reform bill that would phase out Fannie Mae and Freddie Mac in their current form passes the Senate Banking Committee. The bill now heads to the Senate. [5/16]