Law and regulation

The transition team for President-elect Donald Trump announced a series of names this week for people who will help facilitate an orderly transfer of power at the federal financial regulators.

President-elect Donald Trump said in a tweet Tuesday that he is considering Dr. Ben Carson – one of his opponents in the Republican primary – to head the Department of Housing and Urban Development.

If President-elect Donald Trump selects House Financial Services Committee Chairman Jeb Hensarling as his Treasury secretary, it would be a clear sign that he intends to embrace a more traditional Republican agenda when it comes to financial services issues.

Shortage of appraisers in rural areas and compensation issue force lawyers to re-consider restrictions on communications between lenders and appraisers.

With access to financial transaction data under threat by hurdles imposed by certain financial institutions, it should be up to consumers to decide how their data is used to improve their financial well-being.

The megabanks that emerged relatively unscathed from the crisis are cited as proof of universal banking's benefits, but recent events have debunked that claim.

Ally Financial in Detroit has agreed to pay $52 million to settle probes and claims related to its role as the underwriter for subprime residential mortgage-backed securities in 2006 and 2007.

WASHINGTON — The Treasury Department's Financial Crimes Enforcement Network mismanaged its system for tracking enforcement cases, allowing some cases to expire before the agency had the chance to impose civil money penalties, according to a government watchdog.

The Consumer Financial Protection Bureau filed a lawsuit Monday against a Maryland company that allegedly targeted victims of lead paint poisoning and got them to sign away future settlement payments for immediate cash at a deep discount.

Employees at the Treasury Department's Office of Financial Research have raised concerns about racial discrimination and dysfunction at the agency, according to internal documents and videos posted online.

A bill looming in Congress would require the Internal Revenue Service to accept electronic transmission of lending-related forms, which could speed up the lending process by days.

Global banking regulators said some U.S. lenders present a bigger risk to the financial system than last year and should face stiffer capital requirements to ward off threats.

Politicians clamoring for the largest U.S. institutions to be broken up have failed to consider the prospect of China acquiring a bigger piece of the American banking system.

The Office of the Comptroller of the Currency has rolled back some of the relief from regulatory restrictions on corporate activities afforded Wells Fargo under federal law before its recent troubles.

Sen. Sherrod Brown, the top Democrat on the Senate Banking Committee, sharply criticized Wells Fargo on Friday for failing to respond to questions about the phony-accounts scandal, including when the board and top executives first learned of the illegal sales practices.

The Consumer Financial Protection Bureau has formally appealed an October court ruling that undercut the agency's independent status, arguing that the decision laid out a theory of separation of powers without precedent in case law or the Constitution.

The Federal Reserve is slamming a wedge into the revolving door between government and Wall Street, by placing several restrictions on former officials who go to work for financial services firms.

Smaller banks risk falling behind if they do not make space for financial innovation, Comptroller of the Currency Thomas Curry warned Friday.

For all of the sophisticated ways criminals might try to launder money, banks still need to defend against low-tech methods that aren’t easy to track.

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