Law and regulation

The Federal Deposit Insurance Corp. has balked at extending the termination date for a three-way deal at the heart of Washington Mutual Inc.'s Chapter 11 plan, company attorney Brian Rosen said Monday.

The Consumer Financial Protection Bureau on Monday announced that it will give a financial firm a heads-up when it finds that the company has violated consumer protection laws.

Warren Buffett's Berkshire Hathaway Inc. may be on the cusp of getting Federal Reserve oversight under a proposal by regulators that also increases the chances that American International Group Inc. and MetLife Inc. will receive heightened scrutiny.

The Securities and Exchange Commission on Monday defended its proposed $285 million settlement of fraud charges against Citigroup Inc. over a mortgage-bond deal.

The Federal Deposit Insurance Corp. plays a far more active role in the last days of banks than it cares to let on, explains Washington correspondent Joe Adler.

Banking and payments executives try desperately to figure out where their debit card strategies all went wrong – and what, if anything, they can do next – at an industry conference.

We've already seen Occupy Foreclosures. How about Occupy The Wall Street Journal, Occupy Fox News or Occupy PBS?

A Utah bank linked to an alleged Internet payment scam and an online gambling case was seized by the state late Friday, on a night when regulators also closed a bank in Nebraska.

Washington insiders were momentarily shocked last week when it appeared that President Obama had withdrawn his nomination of former Federal Reserve Bank of Kansas City Chief Thomas Hoenig for vice chairman of the Federal Deposit Insurance Corp.

Sen. David Vitter, who sits on the Senate Banking Committee, sent out a press release condemning executives at Fannie Mae and Freddie Mac for paying $12.79 billion in bonuses. There was just one problem: the actual number was $12.79 million, not billion.

William (Bill) Matthews and Tim Doyle receive promotions at the Conference of State Bank Supervisors

Mark Carney's appointment as chairman of the Financial Stability Board drew praise from Sheryl Kennedy, managing director of the consulting firm Promontory Canada, whose earlier work at the Bank of Canada overlapped with Carney's tenure there.

Lower borrowing costs under the government’s refinancing program for underwater homeowners mean lower interest payments for investors, and banks are the biggest holders of agency mortgage bonds.

A New York firm that represents banks in foreclosures is coming under the spotlight on Capitol Hill after the publication of offensive photos from its Halloween party.

ICB Financial in California paid the FDIC $500,000 for a waiver against any cross-guarantee liability from the failure of Progress Bank of Florida.

Federal Reserve Board Gov. Daniel Tarullo said U.S. regulators will be making recommendations to the Basel Committee on Banking Supervision to change the proposed liquidity requirements that firms will have to adhere to starting in 2015.

International regulators named eight U.S. firms as globally significant institutions, subjecting them to a capital surcharge that will take effect in 2016. But the exact size of the charge, including differences among those institutions, was left unclear for at least another year.

If Sens. Dick Durbin and Jack Reed get their way, banks will soon be required to adopt a uniform one-page form for checking account fees.

The Federal Trade Commission is sending 188 refund checks to small businesses and non-profits that were defrauded by two telemarketing operations.

On Capitol Hill and at the White House, Democrats tried Thursday to pressure Senate Republicans who have vowed to block the nomination of Richard Cordray to CFPB by citing the agency's inability to pursue nonbank lenders who prey on service members.