Law and regulation

If President Obama wins reelection, Democrats are likely to stay on the defensive over Dodd-Frank while trying to grapple with the reform of Fannie and Freddie.

At the Democratic convention Elizabeth Warren, Massachusetts Senate candidate and pioneer of the Consumer Financial Protection Bureau, offered “the week's highest profile defense of the Dodd-Frank Act,” writes American Banker’s Kevin Wack.

After Elizabeth Warren's fiery speech to the Democratic National Convention, there is talk that if she wins the Massachusetts Senate seat in November, she may be a contender for president in 2016.

The American Bankers Association released its official slate of candidates who are set to take office at the group's annual convention next month.

JPMorgan Chase's wrong-way bets on derivatives are the focus of an escalating probe by a Senate panel led by Carl Levin that has grilled executives from banks including Goldman Sachs and HSBC.

The Fed unveiled on Thursday a new publication and website aimed at community bankers, including a question and answer session with Chairman Ben Bernanke on the challenges facing smaller institutions.

The Treasury Department will auction its stakes in five more banks — including shares it owns in an Illinois bank that it previously failed to sell — as it continues to wind down the Troubled Asset Relief Program.

The Consumer Financial Protection Bureau released the procedures for examining credit bureaus and consumer reporting companies, another step toward implementing its nonbank supervision program.

Dozens of institutions have banded together to voice concerns they say are being overlooked by lawmakers and regulators.

The anonymous blackmailers may be trying to manipulate the market price of bitcoins, even if their claim to possesses Mitt Romney's tax returns is hoax.

MasterCard became the first payments network to issue a license to a Myanmar bank as the Southeast Asian nation moves toward integrating with the global financial system after decades of military rule.

The capital markets are where growth is occurring today and if banks want to be profitable in the future they won't be able to do it solely or even principally by making loans.

A former manager of Borinquen Federal Credit Union in Philadelphia has admitted to embezzling $2.3 million from the institution, a theft that led to its closure last year.

As Elizabeth Warren and other Democrats mounted their defense of Dodd-Frank on Wednesday, they sought to counter Republican charges that President Obama doesn't understand the private sector by pointing to the steps he has taken to help small business.

Mitt Romney says that reforming Fannie and Freddie will be a priority if he wins the White House in November, but he declined to offer any further details.

A group led by City National CEO Russell Goldsmith is looking to push an agenda for banks with $7 billion to $30 billion in assets.

The Federal Deposit Insurance Corp. next week will unveil the latest national estimates of who is unbanked in this country.

The American Bankers Association's board is expected to approve a plan Thursday to get into the SuperPAC game.

Debit card issuers used to promote signature transactions over PIN. But now, in a post-Durbin world, the interchange revenues from both are similar, so “issuers are now trying to guide shoppers to use personal identification numbers” because of the lower costs, explains American Banker’s Victoria Finkle.

Financial institutions that do the same things should have the same oversight. Unfortunately, we're a long way from regulatory parity, even after Dodd-Frank.