Mick Mulvaney: “If you are doing something less than one-tenth of 1 percent of the time, maybe it’s evidence of a lack of criminal intent…”

In settling with the SEC, Merrill Lynch did not admit or deny the findings…

Do federal deficits even matter anymore? Jeff Gundlach thinks so...

By comparison, commercial banks must have tier 1 capital of 8.0 percent of risk-weighted assets.

JMP likes the higher profit margins that accompany non-QM lending…

Going forward, the CFPB plans to consider the scale and frequency of violations when determining future enforcement actions, Acting Director Mick Mulvaney said. In remarks at a public policy luncheon hosted by Women in Housing and Finance, a professional group, Mulvaney said the consumer agency will decide whether the violations are systematic or intentional when determining potential actions against companies under its jurisdiction. For example, 12,000 violations ...

Mick Mulvaney has made many significant changes at the CFPB since President Trump named him acting director of the agency in November. Attorneys said the organizational changes may have the most profound impact. Mulvaney was not a fan of the consumer bureau, which he called a joke “in a sick, sad way.” Six months into his interim tenure, he was doing everything he could to change the consumer agency both structurally and operationally, in how it makes ...

The AAF warns against the GSEs becoming private entities again, noting there’s no way for them to raise enough capital…

The banks that report rates that form the basis of LIBOR won’t be required to participate in the survey after 2021…

Consultant Joe Garrett: "Salesmen don’t get paid less just because the company didn’t do well..."