Policy and Regulation

Nearwater Capital alums join competitors to service the financing industry niche, which will include CLOs sold to European investors.

The White House has nominated Brian Johnson, the former CFPB deputy and a veteran Capitol Hill staffer, to permanently lead the bureau.

Housing advocates and compliance firms are suing to block a rule from the Consumer Financial Protection Bureau that they say guts the Equal Credit Opportunity Act.

The move comes about a year after rising delinquency levels prompted SBA to raise lender fees and tightened underwriting standards in its flagship 7(a) program.

A proposed update to Basel III capital rules from federal banking regulators does not specifically include mortgage insurance as a factor in determining the risk weight for a mortgage loan held on a bank's balance sheet. Industry experts say it should.

Basel III recalibration cuts commercial real estate risk weights, unlocking $100 billion in bank lending capacity.

CFO Jeremy Barnum cited a "persistent miscalibration" of the surcharge on the biggest banks. JPMorgan reiterated its recommendation for changing the so-called G-SIB surcharge.

A recent executive order encouraging changes to the Consumer Financial Protection Bureau's Ability-To-Repay and Qualified Mortgage rules are adding to a packed agenda at a time when the agency has lost a third of its staff.

The new executive order could add lender competition for self-employed borrowers, potentially via a small loan carveout and one for portfolio products.