Law and regulation

WASHINGTON - The credit union industry has been lobbying the powerful congressional committee charged with reducing the deficit, seeking to ensure that credit unions preserve their tax-exempt status.

The Obama administration and FHFA abandoned key restrictions that prevented the original Harp program from taking off, including requirements for new appraisals and limits on loan-to-value ratios.

A housing regulator and the Obama administration on Monday are set to unveil a major revamp of a home loan refinancing program aiming to enroll hundreds of thousands of borrowers whose homes have declined in value.

A U.S. district court, responding to charges by the Federal Trade Commission, found a credit repair seller in contempt for violating a previous court order that required him to stop promoting worthless credit repair products and services to consumers.

The Federal Reserve usurps authority usually held by state regulators and fails a Colorado bank.

Mark Conner, former president of FirstCity Bank of Stockbridge, Ga., pleaded guilty to conspiring to commit bank fraud and perjury, according to the Justice Department Friday. FirstCity Bank was closed in March 2009.

Right now, the government is at risk for an increased share of the reduced amount of residential mortgages that are being produced. This is another damnable result of the recent crisis. No proposed remedy for it has attracted much support. I'll suggest alternatives.

Two community banks in Georgia, and one in Florida, were closed late Friday at a cost of more than $130 million to the Federal Deposit Insurance Corp.

When Sheila Bair thinks about regrets during her tenure as Federal Deposit Insurance Corp., she zeroes in on one word: No.

The Federal Deposit Insurance Corp. announced on Oct. 18 that Craig Jarvill has become the director of the agency's Division of Finance.

Not surprisingly, Elizabeth Warren's bid to represent Massachusetts in the Senate is attracting Democratic support well beyond her small state.

Even though his nomination to head the Consumer Financial Protection Bureau sits in limbo, some of the work Richard Cordray did as Ohio's attorney general is coming to resolution. Yet the outcome is probably not to his liking.

Members of the House Financial Services Committee have you covered — as long as you pony up to help their reelection campaigns.

Former Kansas City Fed president will likely let his disapproval about Dodd-Frank policies be known, but his views on bank examinations and TBTF seem in line with FDIC thinking.

Jack Barnes, the president and chief executive at People's United Bank in Bridgeport, Conn., said Thursday that $28 billion-asset has submitted an application to the OCC to switch from a federally chartered thrift to a national bank as part of a broader plan to bulk up in commercial lending.

As Occupy Wall Street gains national attention bashing bankers, it's giving a free ride to the 'Other 99%' who enjoy the perks of a nation living beyond its means.

Days after South Korea’s card networks agreed to slash the interchange rates they apply to credit card acceptance at small merchants, the Korean government has said that it would strive to unify their rates.

Consumer angst initially has some customers considering leaving their financial institution if it adds debit card fees, the results of a new consumer survey suggest.

Thomas Hoenig, outspoken during his time at the Kansas City Federal Reserve Bank, would become the FDIC's No. 2 during implementation of a new resolution system.