Law and regulation

The Federal Reserve Bank of New York's role in the $182.3 billion rescue of American International Group Inc. has ended on a high.

The agency discusses recent steps by financial institutions to participate in healthy-food investment cooperatives, and says lenders could earn Community Reinvestment Act credit for spurring such activities in areas that need it.

Ethics plays a significant role in a company's overall value and performance. CEOs and CFOs should be working to protect their businesses - and themselves - from violations.

Agency tasked with overseeing resolutions of systemically risky firms will get assist from the SIPC when a broker-dealer is involved. But how exactly will their collaboration work?

ProPublica this week became the latest media outlet to start tracking banks' recent scandals, from JPMorgan's London Whale to HSBC's money-laundering issues.

The sad reality is that an unregulated shadow financial system pushed explosive subprime loans.

If the networks don't voluntarily implement more reasonable pricing, merchants will steer consumers to cheaper alternatives and there will soon be nothing left to fight about.

The CFPB proposed a revised rule for mortgage fees that would allow paying down points for interest on home loans.

The banking SuperPAC is eyeing seven candidates — four Republicans and three Democrats — as it decides what two races to support in late September or early October. Following is the short list of who is under consideration.

SunTrust Banks (STI) said Wednesday that the Federal Reserve Board did not object to its revised capital plan.

Industry observers are advising more community banks with trust-preferred securities to raise capital now before Basel III puts them at odds with regulators.

Morrison & Foerster announced Wednesday that it was rehiring Leonard Chanin, a former firm attorney who most recently spent a year and a half heading up the 40 attorneys in the Consumer Financial Protection Bureau's rulemaking operation.

Citigroup CEO Vikram Pandit said supermarket banking, a strategy pursued by his firm in past decades to provide all financial products including insurance, no longer fits the times.

Glenn Hubbard, an economic advisor to Republican presidential nominee Mitt Romney, praised Federal Reserve Board Chairman Ben Bernanke on Wednesday — a break from GOP members that have been widely critical of the central banker.

The SEC rolled out its first whistle-blower award on Tuesday, a $50,000 payment to an anonymous informant who helped bring down a Ponzi scheme. So far, the government has recovered $150,000.

Bank of America has ceased selling all payment protection plans to credit card customers, killing off a business line targeted by regulators.

It's foolhardy to try to read traders' minds to determine if the inventory they are keeping exceeds the demand they expect from clients. There is a better way.

Friends of Traditional Banking, a SuperPAC created by a group of state associations last spring, has narrowed its sights to seven races — and is hoping more community banks will join it as it decides what two candidates it should support.

Royal Bank of Scotland is being probed by the Federal Reserve and Justice Department for potentially violating sanctions against Iran, two people briefed on the talks said.

The Federal Reserve did not object to a revised capital plan from Fifth Third Bancorp (FITB) that included a potential divided increase and repurchase of common stock.