Critics complain current system outdated and locks millions out of home ownership
Month: December 2017
Morgan Stanley enters robo-advice investment market
Access Investing, aimed at its wealthy clients’ children, follows its competitors
Uber’s rise triggers financial crisis at taxi lenders
Credit unions at risk of failure as loan losses mount
Hedge fund mogul Steve Cohen plans comeback in January
SAC founder’s new venture aims to charge some of the industry’s highest fees
FDIC hits Puerto Rican bank with fine over flood insurance violations
Oriental Bank in San Juan was ordered to pay just over $153,000 for failing to notify borrowers that they were required to purchase flood insurance. The fine was one of several November enforcement actions made public Friday by the FDIC.
Ackman agrees $194m settlement over Allergan trading claims
Pershing Square and Valeant were accused of improper trading ahead of 2014 bid for Botox maker
Regulation and Policy: What to Watch for in 2018
Inside, a look at the state of policy play on a range of key industry issues that may impact 2018 midterm elections.
Citi joins Morgan Stanley, UBS, in exiting broker pact
The Protocol for Broker Recruiting, signed in 2004, was designed to mitigate lawsuits when advisers left to join a competitor. Recent high-profile defections have raised concerns that the accord could unravel.
Reg relief, GSEs to dominate banking policy on Capitol Hill in ’18
A regulatory relief package is likely to come out of the Senate in the new year, and lawmakers could follow it up with a housing finance reform push. But the midterm election could cause some reform initiatives to grind to a halt.
Bankers anxious as Trump mulls credit union regulator for CFPB
In his current position as chair of the National Credit Union Administration, J. Mark McWatters has publicly advocated for cutting back the CFPB’s oversight of the credit union industry.