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Treasury Secretary Jacob Lew (Image: Bloomberg News)
Treasury Secretary Jacob Lew said Tuesday that lawmakers should hold off on further legislative reforms to the financial system until Dodd-Frank is fully implemented, echoing recent remarks from top Federal Reserve Board officials and large bank executives.

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The GSEs provide an important government 'backstop,' though they should not hold mortgages in portfolio, Wells Chairman and CEO John Stumpf says. (Image: Bloomberg News)
Wells Fargo CEO John Stumpf said that he believes the government-sponsored enterprises need to be retained in some form because the guarantee they provide is important to investors.

JPMorgan Chase chairman and CEO Jamie Dimon (Image: Bloomberg News)
Now that shareholders have agreed to let Jamie Dimon keep both his jobs at JPMorgan Chase, the chairman and chief executive must resolve several pressing issues. Among them: succession, board composition and mounting regulatory scrutiny.

Rep. Shelley Moore Capito (Image: Bloomberg News)
Lawmakers blasted senior officials at the Consumer Financial Protection Bureau on Tuesday, arguing they were too rigid with recently finalized mortgage rules that could choke off access to credit.

'It's like turning around an aircraft carrier that's out of control,' Iowa Attorney General Tim Miller said of the national mortgage settlement. 'It's difficult but possible.' (Image: Bloomberg News)
The rift involves a disagreement over how aggressively to enforce servicing standards contained in the multi-state mortgage settlement.

Michael Krimminger, former general counsel for the FDIC (Image: Bloomberg News)
Scores of foreign banks with very small U.S. operations still find themselves drafting "living wills" to provide U.S. regulators with a roadmap to their hypothetical failures, leading to calls for a lighter requirement.

Image: Fotolia
The CFPB's revised final rule on remittances made it easier on bankers, but it will still have a significant — and unclear — impact on international money transfers.
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In a sign of renewed pressure on mortgage servicers, a number of big banks have ceased or dramatically slowed the final step in the foreclosure process.
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The regulator of federal credit unions is promising to take steps to curtail high-cost, short-term loans, in the wake of tough action by banking regulators.

Fed Chairman Ben Bernanke (Image: Bloomberg News)
Washington Post blog tries giving clarity around who used the analogy in a point about Japanese monetary policy. It was likely not Federal Reserve Board Chairman Ben Bernanke.

Rep. Mel Watt (Image: Bloomberg News)
It's common to hear complaints that Congress is no better than a bunch of squabbling kids, but it's less often you that see an actual child take part in official proceedings.
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