Cheyenne Hopkins

The fight over the interchange amendment heated up on Wednesday when Sen. Dick Durbin sent JPMorgan Chase CEO Jamie Dimon an open letter defending the provision.

After months of investigation, federal banking regulators issued a final cease and desist order against the 14 largest servicers that will require them to overhaul their operations.

WASHINGTON — Under pressure from Congress, federal regulators issued proposals Tuesday that would exempt corporate end users of derivatives from new margin requirements but force them to maintain sufficient capital in case of future losses.

Iowa Attorney General Tom Miller blasted a study Tuesday that said proposed servicer settlement terms could cost the economy $10 billion a year. Miller, who is leading the settlement on behalf of the attorneys general, said the study was "grossly inaccurate," and noted it was paid for by the financial services industry, including some of the servicers involved in talks with the AGs.

A group of technology firms sent a letter last week to senators urging them to support a delay to the Durbin interchange amendment, citing privacy concerns and fears about the security of debit transactions.

A study from three top economists says that a proposed mortgage servicer settlement from state attorneys general and a host of federal agencies would do more harm than good.

The Consumer Financial Protection Bureau sent a letter to banks on Friday notifying them that they do not yet have to comply with a Dodd-Frank requirement that mandates data collection on credit applications by women and minorities.

The Consumer Financial Protection Bureau and the 50 state attorneys general released a joint statement on Monday designed to strengthen their ability to work together.

An agreement between the Obama administration and lawmakers over this year's fiscal budget includes audits of the newly created Consumer Financial Protection Bureau.

Rep. Spencer Bachus claims Rep. Barney Frank spoke to him about amendments to reg reform law ... but that's news to Frank; former Fed officials join Promontory Financial; and more.

Rep. Barney Frank said he was optimistic the Senate would soon act on a Sen. Jon Tester bill that would delay for two years a rule that would restrict interchange fees on debit cards.

A hearing to debate the structure and authority of the Consumer Financial Protection Bureau was sidetracked over questions on whether the agency should exist at all.

Opponents of a rule to limit debit card interchange are making the most of an opportunity after the Fed acknowledged it would not make an April 21 deadline to finalize the regulation.

While saying JPMorgan Chase had capital to comply with new Basel III requirements, CEO Jamie Dimon said regulators had gone too far in crafting the international capital accord.

Elizabeth Warren sent a letter to House Financial Services Committee Chairman Spencer Bachus responding to complaints he made that she went further than simply providing advice in pending servicer settlement talks.

Elizabeth Warren sent a letter to House Financial Services Committee Chairman Spencer Bachus responding to complaints he made that she went further than simply providing advice in pending servicer settlement talks.

WASHINGTON — Federal banking regulators are set to release new guidelines Monday that they hope will restore the battered reputation of risk models — widely disparaged as a result of the financial crisis — by forcing banks to improve how they design and implement them.

Frustrated by the lack of a global settlement between state attorneys general and top mortgage servicers, federal banking regulators are expected to move forward with their ...

Top Republicans on the House Financial Services Committee clashed with Elizabeth Warren, who is leading the Consumer Financial Protection Bureau creation, over her role in the mortgage servicer settlement.

Speaking at the U.S. Chamber of Commerce conference, leaders in the government and banking industry decried the Dodd-Frank Act one by one, calling it backward and misguided.