Law and regulation

Space Coast Credit Union announced Thursday that NCUA and state regulators have approved the spin-off of its two Jacksonville branches to Alive Credit Union.

Leaving no coin, metal, or commodity unturned, retiring Rep. Ron Paul made a final push on one of his signature issues on Thursday, seeking stronger ground for the U.S. to implement a parallel currency in lieu of the U.S. dollar.

PokerStars, Full Tilt Poker and Absolute Poker agreed to settle allegations that they used prepaid cards to launder money.

First Data, which processes about half of all U.S. card spending, recently identified that debit spending again overtook that of credit cards. Now another trend is emerging: PIN-debit use is growing much faster than signature debit and credit.

After Sandy Weill's let's-break-them-up bombshell, the authors of a certain major piece of legislation can, by comparison, take a more moderate stance on breaking up big banks.

The HUD secretary said the president disagreed with Ed DeMarco's refusal to allow Fannie Mae and Freddie Mac to engage in principal reductions, but suggested there was little that could be done short of hoping the FHFA chief changes his mind.

Banks are trying hard to beef up programs tied to consumer protection, thanks to the creation of the CFPB and other consumer-related regulations. But there are few people in the job market with experience in banking and consumer protection, making this a lucrative opportunity for those who are skilled at both.

The main news programs on broadcast networks ABC and NBC have ignored the biggest scandal roiling the banking world this summer, according to the nonprofit website Media Matters for America. Other networks have covered it, but critics urge TV to toughen reporting on banking.

Resurrecting Glass-Steagall means resurrecting the large, highly leveraged investment banks engaged in high-risk trading for their own accounts.

KeyBank has become the latest regional bank to bring its credit cards back in house.

The CFPB has taken its first civil action, suing a Los Angeles law firm that it says has preyed on distressed borrowers by offering bogus mortgage loan modifications.

The Consumer Financial Protection Bureau has taken its first civil action, suing and effectively stopping business at a Los Angeles law firm that charged homeowners for loan modifications that allegedly never happened.

OK, this isn’t your normal DFRW fare, but we can’t quite let this vision go.

Johnson's letter to FHFA chief DeMarco urges the agency to rethink decision that disallows principal writedowns.

In testimony before a House committee, the CFPB director said that the rules meant to simplify the disclosure process are long and detailed because that's what the mortgage industry wanted.

Fannie Mae on Wednesday opened a mortgage help center in Ontario, Calif., and now operates a dozen centers nationwide that provide free education and counseling servicers to struggling homeowners.

FHFA acting director DeMarco's rejection of principal reductions for underwater homeowners led some to praise his judgment and others to call for his termination. What's your take?

Sometimes even being upfront about market conditions can land a company in potential hot water.

The Consumer Financial Protection Bureau has taken its first civil action, suing and effectively stopping business at a Los Angeles law firm that charged homeowners for loan modifications that allegedly never happened.

The financial industry spoke out Wednesday as progress on the measure sponsored by Sen. Joseph Lieberman has stalled in the Senate.