Law and regulation

Banks are asking for more data from card networks as they attempt to comply with new regulations capping debit card interchange fees, a Capital One executive said.

President Obama on Monday announced the departure of William Daley as White House chief of staff by the end of the month.

Attorneys and consumer advocates gathered at the American Bar Association's winter meeting of consumer financial services attorneys raised various concerns about the CFPB and the impact it will have on federal preemption of state regulations of the bank and mortgage industries.

Over the weekend, international regulators said firms could fall below minimum liquidity requirements in times of stress. But according to the Fed's latest proposal, that may not be the case for U.S. banks.

The affordable housing goals at Fannie Mae and Freddie Mac have become a favorite punching bag for Republican presidential candidates. But as a senator, Rick Santorum pushed to strengthen those goals.

In the months before Bank of America Corp. acquired Countrywide Financial Corp., government officials exchanged emails discussing the beleaguered mortgage lender and rumors that it might collapse.

Robert Braswell, Georgia's banking commissioner, has learned a lot after seeing 74 banks fail in his state since 2008. He remains cautious about 2012 as his team emphasizes more risk control and corporate governance at the banks that remain.

Pennsylvania's Attorney General's Office renewed its lawsuit against defunct collection agency Unicredit America Inc. and now hopes to hold former company president Michael J. Covatto and former vice president Anthony D. Covatto personally liable for violations of consumer protection laws.

Former TARP special inspector Neil Barofsky blasted the Obama administration for undermining the CFPB with the recess appointment of Richard Cordray.

Peggy Twohig, the head of nonbank supervision for the CFPB, says the nonbank supervision team is working to assess risk in the market and identify which companies will be subject to exams.

In a speech to community bankers, Fed Gov. Sarah Bloom Raskin said community banks would not be subject to the same hefty requirements of their larger, more complex counterparts.

A federal judge has vacated a bankruptcy-court ruling that allowed Colonial BancGroup Inc. to access millions of dollars held in a disputed account, a win for the Federal Deposit Insurance Corp., the receiver for the holding company's former subsidiary, Colonial Bank.

In separate speeches, two top central bankers said policymakers should move quickly to assist the housing market in order to boost the U.S. economy.

The Securities and Exchange Commission will no longer allow companies to settle civil cases by neither admitting nor denying guilt if at the same time the companies admit to or are convicted of criminal wrongdoing.

The president visited the offices of the Consumer Financial Protection Bureau on Friday, shaking hands with employees and praising their efforts to stand up the bureau.

There's more confusion in the Obama administration's policy response to the foreclosure crisis than an Abbott and Costello routine. Now the Fed steps up to the plate.

A payment processor and two of its principals are banned from using a new payment method to process electronic payments under a settlement with the Federal Trade Commission. The settlement resolves charges that they debited consumers' bank accounts without their consent.

One day after his appointment as the director of the Consumer Financial Protection Bureau, Richard Cordray sent a clear signal that he intends to move aggressively to enforce the agency's expanded authority.

Consumer Financial Protection Bureau Director Richard Cordray said Thursday that he has appointed Raj Date as the agency's first deputy director.

Morgan Stanley senior economist Vincent Reinhart is predicting that the rebounding economy will sputter again in the first of this year and that the Federal Reserve will need to jump start it with another round of "quantitative easing."