Joe Adler

WASHINGTON — Regulators seized a $265 million-asset bank based in Fort Myers, Fla., late Friday and sold its operations in a deal protecting all of the failed bank's depositors.

Economist Jason Furman received congressional approval Thursday to be the new chairman of the White House Council of Economic Advisers.

WASHINGTON — Federal regulators released proposed guidance on Tuesday designed to help medium-sized banks comply with company-run stress test requirements that kick in this fall.

A relief package proposed by three senators last week has reinforced hope that Capitol Hill will ease community banks' regulatory burden by yearend.

Sen. Bob Corker, R-Tenn., a co-author of housing finance legislation, urged the House and Senate to pass their bills that offer different replacements for Fannie and Freddie. The bills can be reconciled in negotiations later, he said.

The House Financial Services Committee was expected to approve a Republican-backed bill to remove government support in a new housing finance system, but senators continue to back a more bipartisan approach that preserves a federal backstop.

Sen. Elizabeth Warren, D-Mass., was the Senate's presiding officer when lawmakers confirmed Richard Cordray as director of the Consumer Financial Protection Bureau.

Disagreements between Democrats and Republicans on the House Financial Services Committee over a GOP-backed housing plan offered a sharp contrast with bipartisan efforts in the Senate.

The Senate Banking Committee, voting along party lines, approved the nomination of Rep. Mel Watt, D-N.C., on Thursday to become director of the Federal Housing Finance Agency.

Sen. Elizabeth Warren, architect and founder of the Consumer Financial Protection Bureau, says agency is "the law of the land, and … here to stay."

The predictions have begun about when Federal Reserve Board Chairman Ben Bernanke will step down and what he will do afterward. Here's one humorous theory.

Women in Housing and Finance has elected a new board of directors for the group's 2013-2014 calendar cycle.

The Onion, a satirical news site, reported that chief executives from the largest financial institutions "are just about ready to completely destroy the world again."

The Federal Deposit Insurance Corp. announced that Arthur Murton will succeed James Wigand in managing the agency's responsibility under the Dodd-Frank Act to handle the wind-downs of failed behemoths.

As the volume of Federal Deposit Insurance Corp. suits against failed-bank officers and directors continues to rise, few cases are approaching anything close to an outcome.

Pakistan is considering a law requiring banks to give the country's tax revenue agency access to online databases of account holders and their transactions.

Rep. Carolyn Maloney, D-N.Y., the second-ranking Democrat on the House Financial Services Committee, earned a cameo in a ballet performance at the Metropolitan Opera House.

The Federal Deposit Insurance Corp. and Consumer Financial Protection Bureau have launched "Money Smart for Older Adults" with tips on preventing identity theft and other common scams and how to prepare financially for life events.

Federal Deposit Insurance Corp. Chairman Martin Gruenberg signs memorandum of understanding with Canadian counterpart expressing the two agencies' "willingness to cooperate with each other" in resolutions of cross-border institutions.

Sen. Elizabeth Warren, D-Mass., said the Federal Housing Finance Agency's objection to certain short sales designed to keep original borrowers in their homes is misguided.