The nation's most powerful financial regulators published a new blueprint Tuesday for how they will aim to keep banks from engaging in risky, speculative activity.
| January 18, 2011; 3:43 PM ET |
Categories: Federal Deposit Insurance Corp., Federal Reserve, Financial Stability Oversight Council, Regulation, U.S. Treasury
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The four major federal regulatory agencies overseeing banks are conducting a joint investigation into residential foreclosure practices and policies that involves visiting mortgage servicers and reviewing sample loan files, according to a Federal Reserve official. In prepared remarks by a Federal board member to be delivered tomorrow before the House subcommittee on housing, Elizabeth A. Duke says that that investigators are expect to conclude the on-site portion of the examination process by the end of this year and plan to publicly release a summary report highlighting the industry-wide findings in early 2011.
By Brady Dennis Later today, the Federal Deposit Insurance Corp. will hold the first in a series of roundtable discussions about the implementation of the far-reaching financial overhaul bill that President Obama signed into law last month. The event will...