Law and regulation

The National Reverse Mortgage Lenders Association has asked a federal regulator to craft a 'qualified mortgage' rule specifically for private reverse mortgages.

In a largely party-line vote, the House adopted an amendment that would bar the Justice Department from excluding mortgage bond investors from any future settlement talks.

As Paul Volcker and Tom Hoenig address government's policies for handling interconnected firms, Ohio Sen. Brown introduces bill to strengthen caps on an institution's liabilities.

The Federal Reserve said Wednesday it approved the expansion of the U.S. operations of three of China's largest banks, including the first acquisition of a U.S. bank by a Chinese bank.

At a House hearing Wednesday, small banks testified that the cumulative burden of regulations is taking a huge toll.

In their path-breaking 2009 book "This Time Is Different: Eight Centuries of Financial Folly" economists Carmen Reinhart and Kenneth Rogoff conclude it never is.

Bankers and prepaid card executives defended the industry’s much-criticized fees on Wednesday, saying that prices and practices have improved as the industry has matured.

The former Tarp special master calls for a "sea change" in how banks and other corporations determine pay.

With Volcker and Hoenig scheduled to speak on TBTF policies, Ohio Sen. Brown introduces bill to strengthen caps on an institution's liabilities.

The legislation would ban high-to-low reordering of transactions and limit the number of overdraft fees that a bank can charge each year.

Some banks are missing out on a large opportunity to offer prepaid cards to potential customers, 15% of whom get turned down for traditional products, according to prepaid specialist The Bancorp.

B of A's annual meeting drew hundreds of protesters, and shareholders complained to CEO Brian Moynihan about the company’s foreclosure practices.

Freddie Mac has picked a former chief executive of an online securities brokerage firm to be its new CEO, according to published reports.

Without solid corporate governance, a bank is rudderless in a sea of competing interests, so efforts to improve it are central to reforming our financial system.

Fannie Mae posted $3 billion in total "comprehensive" income in the first quarter, and then turned around and paid the U.S. Treasury $2.8 billion in dividends, according to figures released Wednesday morning.

The announcement by Bank of America (BAC) of their plan to offer up to 200,000 struggling homeowners a new lease on life for their underwater mortgage through principal reduction at first glance seems like a major step forward in addressing a nearly 5-year old problem.

The more obscure a credit card issuer's pricing and the more aggressive its marketing, the more its losses jumped during the recession, according to a new study from the Center for Responsible Lending.

As Democrats mounted a push to pass refinancing legislation Tuesday, Republicans on the Senate Banking Committee warned against the consequences of leaving them out of the process.

Louisiana has filed a RICO complaint against MERS and a host of megabanks, Bank of America included. Down the line, consumer advocates hope hard-nosed prosecutors can provide what Occupy may not be able to: justice for homeowners.

Frustrated with record-high unemployment levels, some lawmakers are looking to overhaul the central bank's mandate.