North Carolina congressman's nomination to FHFA top spot prompts careful comments from trades.
Media sources report that Mark Zandi, chief economist at Moody's Analytics, is a lead contender to replace DeMarco.
During the March 19 House Financial Services hearing on the conservatorships of Fannie Mae and Freddie Mac, Rep. Mel Watt (D-N.C.) yielded back the majority of his allotted time due to “media speculation over the weekend.”
North Carolina congressman named as possible successor to embattled FHFA acting director. DeMarco taking flak over principal reductions.
The disagreement between financial institutions and regulators over changes in the exam process may not be resolved on Capitol Hill any time soon.
The examination process at the NCUA went on trial last week. Not before a court but before Congress, though it could end up in court, too, if legislation in Congress makes it through to law. The Financial Institution Examination Fairness and Reform Act (H.R. 3461) would create an ombudsman within...
While industry representatives said new legislation on financial institution exams is sorely needed, an NCUA executive more than begged to differ.
The examination process at the NCUA went on trial last week. Not before a court but before Congress, though it could end up in court, too.
Rep. Mel Watt assails NCUA executive director during House hearing on exam measure, says agency "way beyond" its authority.
Democratic House members won’t pick a successor to retiring Rep. Barney Frank (D-Mass.) in the top spot on the House Financial Services Committee for a year, and it’s far from a sure thing that the member next in line, Rep. Maxine Waters (D-Calif.), will get the nod.