Cheyenne Hopkins

The Treasury Department has hired some small broker-dealers to work with Morgan Stanley to assist in the government's sale of Citigroup Inc.'s common stock. Morgan Stanley is acting as a sales agent on behalf of the Treasury for the stock sale. The Treasury is attempting to unload $7.7 billion shares of Citi's common shares.

The Financial Crimes Enforcement Network issued a proposal Monday that would subject nonbank prepaid cards to Bank Secrecy Act regulations.

In its horizontal review of the top 25 firms, the Federal Reserve Board found multiple "deficiencies," including a failure to ensure their practices did not encourage risky behavior and to identify which employees can expose the bank to material risk.

The Federal Reserve Board and the other banking regulators finalized guidance governing executive compensation practices on Monday and announced its review of pay at the largest holding companies had turned up significant flaws.

The Justice Department, the Department of Housing and Urban Development and the Financial Crimes Enforcement Network on Thursday touted the success of their mortgage fraud task force, saying it has led to 485 arrests of those allegedly responsible for more than $2.3 billion of losses.

The federal banking and thrift regulators issued a proposal Thursday to expand Community Reinvestment Act regulations to areas with high foreclosure levels.

The House approved a bill 241 to 182 on Thursday that would create a $30 billion fund that community banks could access for small business loans.

WASHINGTON — The House is expected to pass legislation today that would create a $30 billion fund for community banks to boost lending to small businesses, but the bill faces an uphill battle in the Senate.

The merger of the Office of Thrift Supervision into the Office of the Comptroller of the Currency will eliminate some of the key benefits of choosing the charter, and leave a single agency trying to enforce two different sets of rules, observers said.

Legislation to create a $30 billion fund to boost small-business lending is likely to pass the House this week and Senate leaders could consider it as early as next week.

WASHINGTON — With the next comptroller of the currency expected to be named within weeks, speculation is heating up over who President Obama will nominate.

Rep. Barney Frank feels the pain of picking House conferees on reg reform; Rep. Mel Watt has difficulty balancing interests he brings to the table; and more.

The Obama administration continued to push its priorities Thursday on what provisions should be included in the final regulatory reform bill.

While both the House and Senate financial reform bills claim to restore the so-called Barnett standard for preemption of state law, that has not stopped federal and state regulators from continuing to battle over the issue.

WASHINGTON — Obama administration officials outlined their priorities Wednesday for regulatory reform as the bill is negotiated between the House and Senate, but the briefing was notable as much for what issues they ignored as those they tackled.

The White House on Tuesday renewed its push for a proposed $30 billion fund to encourage small-business lending.

Sen. Carl Levin, D-Mich., took to the Senate floor Monday to lobby for a provision to bar any financial firm that underwrites an asset-backed security from betting against that security.

The thrift industry reported a $1.82 billion profit in the first quarter, the third consecutive quarterly profit since the financial crisis began, the Office of Thrift Supervision said Monday.

Though House and Senate lawmakers still have plenty of issues to work out in the final regulatory reform bill, one thing is already clear: The legislation will do little to streamline the fractured financial regulatory framework.

WASHINGTON — Though House and Senate lawmakers still have plenty of issues to work out in the final regulatory reform bill, one thing is already clear: The legislation will do little to streamline the fractured financial regulatory framework.