Consumer ABS

Bank regulators expressed frustration July 27 over a little-noticed and initially uncontroversial provision of Dodd-Frank that forces them to eliminate references to credit ratings in most bank regulations.

Chief executives from the country's largest banks sent a letter to the White House and Congress Thursday urging them to reach an agreement the week of July 25 to raise the debt ceiling.

Let's skip ahead to Aug. 3. The debt ceiling hasn't moved an inch and the United States no longer enjoys a coveted triple-A credit rating. Now what?

The Senate Banking Committee will hold a hearing next Thursday on the nomination of Richard Cordray to head the Consumer Financial Protection Bureau (CFPB).

The Office of the Comptroller of the Currency (OCC) received many comment letters strongly criticizing its May 26 preemption proposal. Unfortunately, the OCC largely ignored those criticisms and wrote final rules that blatantly violate the Dodd-Frank Act.

Is the Basel Committee on Banking Supervision building an effective set of capital rules, one that will accomplish the goal of competitive parity?

Bingham McCutchen partner Edward Gainor, 56, has passed away from a heart attack.

Wells Fargo has appointed Avid Modjtabai as senior executive vice president and head of its new Wells Fargo Consumer Lending (WFCL) group.

A report by the Securities and Exchange Commission (SEC) revealed some mispractices by broker-dealers in selling structured securities products. For the study, the SEC looked closely at eleven broker-dealers.

Trepp released a report on bank loan delinquencies for 2Q11 ahead of the final Federal Deposit Insurance Corp. (FDIC) figures.