Law and regulation

The Kansas City, Mo., firm blamed tougher capital rules for its decision to explore alternatives to the savings and loan holding company charter.

The agency is cracking down on three mortgage relief firms that promise to help cash-strapped borrowers hold onto their homes while delivering little help and driving them deeper into debt.

In a video interview with American Banker, former FDIC Chairman Sheila Bair said that TAG should be extended, but phased out gradually over a two year timeframe.

Former FDIC Chairman Sheila Bair finally offers an opinion on whether to extend TAG, worrying that it's abrupt end would only help too big to fail banks and the money market mutual fund industry.

Banks who received funding through the Small Business Lending Fund have increased small business lending by $6.7 billion, or 27.4%, over baseline levels, the Treasury Department said Tuesday.

Mid-sized banks will enjoy more time to comply with stress tests required under Dodd-Frank, while the FDIC simplifies large banks' reporting requirements under agency's deposit insurance assessment scheme.

Wells Fargo & Co. (WFC) was sued by the U.S. government over claims the bank committed fraud by making reckless mortgage loans, according to a complaint filed in Manhattan federal court.

Senator David Vitter (R- La.) predicts that regulators, using their authority under Dodd-Frank, will "once again bail out Wall Street and its creditors, perhaps with some feel-good (and probably politicized) restructuring of those firms for window dressing" when the next financial crisis hits.

FHFA is admirably trying to design a platform that will work under any future scenario for the mortgage market. But history shows large-scale projects can fall victim to sheer complexity.

Swipe fees jumped at an annual rate of 40% in the second quarter among a group of institutions subject to the new debit card price caps. Interactive data on interchange revenue at 900 companies.

A Philadelphia company that used telemarketing services to pitch platinum credit cards has settled charges brought by the Federal Trade Commission.

Federal regulators on Tuesday finalized measures requiring annual stress tests for all medium- and large-sized banks.

Many lenders are pushing ahead with tight new borrowing requirements as they wait for regulators define a "qualified mortgage," as required by Dodd-Frank.

A non-profit organization is launching a campaign to make sure bank employees know about new whistleblower protections under the Dodd-Frank Act.

New companies are constantly entering the payments industry, bringing not just new products but also new ways of doing business. And they don't always play nice.

Sen. Richard Shelby's term limit is about to expire, potentially putting Sen. Mike Crapo of Idaho in line to be the new GOP head of the banking committee.

Federal Reserve Board governor says vacancies are dragging down property values in high-foreclosure areas, and offers examples of solutions.

New Vanity Fair profile recounts how New England Patriots quarterback Tom Brady called JPMorgan Chase CEO Jamie Dimon with inspiring words during a trying time.

Merchants, the Fed and industry lobbyists testified in court on the implementation of the Durbin Amendment, which sets a ceiling on interchange fees that larger banks can charge merchants. Merchants argue the Fed included costs in the cap that were not allowed under Dodd-Frank.

The National Credit Union Administration filed a lawsuit Thursday against Credit Suisse Securities (USA), citing misrepresentations in the underwriting and sale of mortgage-backed securities.