Victoria Finkle

Deron Smithy, executive vice president and treasurer of Regions Financial, said compliance costs across the 20 regional banks that are above the target have jumped by $2 billion, with his bank alone spending roughly $200 million.

A loose coalition of regional banks pushing to change a key Dodd-Frank Act provision has launched a formal organization.

Regulators pressed for more flexibility when it comes to stress tests, among other things, as lawmakers consider changes to the Dodd-Frank Act.

The House Financial Services Committee renewed its look at regulatory relief for small financial institutions Wednesday, pressing bankers and credit union representatives for details about their compliance burdens.

The House Financial Services Committee renewed its look at regulatory relief for small financial institutions Wednesday, pressing bankers and credit union representatives for details about their compliance burdens.

The controversial $50 billion-asset cutoff was one of a host of policy issues the Treasury secretary addressed before lawmakers on Tuesday.

The Justice Department handed down its third bank settlement under Operation Choke Point Thursday, bringing a civil complaint against Plaza Bank of Irvine, Calif., for failing to report a payment processor's relationship with fraudulent merchants.

The Justice Department has come under fire in recent months for its efforts to root out consumer fraud through banks, but Operation Choke Point appears to be gaining new momentum.

The Department of Justice announced a $4.9 million settlement Tuesday with CommerceWest Bank of Irvine, Calif., over charges that the bank knowingly worked with a third-party processor making illegal withdrawals from consumer bank accounts.

A coalition of midsize banks is preparing to oppose a bill eliminating a key Dodd-Frank Act threshold unless the language is further tweaked.

Lawmakers supported the credit union tax exemption at an industry conference on Tuesday, downplaying efforts to take another look at the issue this year as part of comprehensive tax reform.

WASHINGTON — Lawmakers supported the credit union tax exemption at GAC on Tuesday, downplaying efforts to take another look at the issue this year as part of comprehensive tax reform.

WASHINGTON — House Republicans reintroduced several hot-button bills this week, helping to set the stage for some of the political fights to come later in the year.

Michael Stegman, a top housing policy adviser, urged regulators on Thursday to bring more private capital into the market, even in the absence of legislative momentum.

Republicans are working to craft a Dodd-Frank regulatory relief bill this spring, but pushback on cost-benefit analysis mandates could derail the process.

Consumer Financial Protection Bureau Director Richard Cordray said a review of its "qualified mortgage" rule will allow enough time to consider changes if lawmakers fail to make progress on housing finance before a key deadline.

Consumer Financial Protection Bureau Director Richard Cordray said a review of its "qualified mortgage" rule will allow enough time to consider changes if lawmakers fail to make progress on housing finance before a key deadline.

WASHINGTON — Sen. Jack Reed, D-R.I., reintroduced legislation Monday that would require the president of the Federal Reserve Bank of New York to be nominated by the White House and confirmed by the Senate.

The fight over the Dodd-Frank threshold for enhanced regulations is the first big legislative battle for a loose coalition of regional banks.

Sen. Elizabeth Warren said small financial institutions have continued to be profitable despite new rules under the Dodd-Frank Act while raising fresh warnings about unnecessary changes to the financial reform law in the guise of regulatory relief.