Law and regulation

The Financial Accounting Standards Board stands ready to repeal a directive that allows banks to record a gain in income when the value of their own fixed-income securities decreases, and losses when the liabilities' worth rises.

The Dodd-Frank Deposit Insurance Provision, which insures accounts over $250,000 is set to expire by the end of the year. When the program (often referred to as its first incarnation, the Transaction Account Guarantee) ends, funds over the limit will be moving to money-market funds, analysts predict according to the Wall Street Journal.

It is neither the intent nor the practice of NCUA to influence a vote on a credit union conversion. Our rules protect members' rights to make well informed decisions.

Under new international rules, mutual banks in the U.S. will need a way to issue marketable securities to raise capital. Core capital deferred shares, a U.K. innovation, offer a model.

In a rare coordinated effort Monday, all three federal banking agencies, the CFPB and the state regulator in Utah announced more than $112 million in enforcement penalties against American Express for card practices that allegedly violated a range of consumer protection laws.

With only two enforcement actions under its belt, the Consumer Financial Protection Bureau is already sending a clear message to institutions that run afoul of consumer protection laws: get ready to pay big.

The FTC will refund more than $11,000 to consumers who allegedly were charged an illegal fee by a collection agency before providing a promised credit repair product.

The Financial Stability Oversight Council moved forward on its task, required by Dodd-Frank, of identifying nonbank financial institutions that pose a systemic risk. In phase three you only find out if you're a candidate.

Unicredit America Inc., the Erie, Pa.-based collection agency that used a fake courtroom to coerce debtors to pay, could have to pay more than $1.2 million in penalties pending a ruling.

Wintrust Financial in Rosemont, Ill., has agreed to buy another failed bank from the Federal Deposit Insurance Corp.

Two former executives at Washington Mutual, who paid fines to the Federal Deposit Insurance Corp. last year for the thrift's "reckless" lending practices, plot their next move.

Tucked away in Sheila Bair's new book are several interesting anecdotes, including a discussion with President Obama about foreclosure prevention, banking and books on Air Force One.

A Virginia man allegedly impersonated a CIA official in an effort to recruit accomplices in a scheme to extort money from three banks.

As the Financial Stability Oversight Council took another step Friday toward designating certain nonbank firms as systemically important, speculation is growing over what firms it will target.

For only the second time in its history, the Federal Reserve Board on Friday publicly revealed the names of financial institutions that borrowed at the discount window.

Roma Financial Corp. (ROMA) said that one of its banks has entered into a written agreement with the Office of the Comptroller of the Currency.

There will be some complex decisions for those involved in Tarp situations, particularly with regard to banks that are likely to fail if they are not acquired or recapitalized. Here’s what to consider before you make them.

The CFPB flexes its muscle in a Discover deal, Sheila Bair blasts a double standard for hurting small banks and mortgage settlement overseer Joe Smith weighs in on progress to date.

Both the generalized Democratic mantra that the Dodd-Frank Act is inviolable and the Republican mantra to repeal Dodd-Frank are untenable.

A provision within the hotly contested settlement between merchants and credit card networks could potentially slow PayPal’s bid to become more widely accepted at grocery stores, restaurants and other retailers.