Law and regulation

There's little point to Fannie and Freddie's large profits if that money is remitted to the Treasury rather than making the GSEs more financially stable.

After a six-year delay, Fannie Mae and Freddie Mac will finally begin setting aside a portion of their revenues to fund the development of rental housing for low-income families.

The House unanimously approved a measure Wednesday night clarifying the Federal Reserve's ability to set separate capital standards for systemically important insurers.

More robust risk management frameworks and technology infrastructures are at least as important as higher capital standards in preventing another global financial crisis.

WASHINGTON — The Consumer Financial Protection Bureau is calling on the biggest credit reporting agencies to submit reports regularly on how they handle consumer disputes, and produce lists that name the furnishers and industries which have the most complaints.

Senate lawmakers pressed government officials about whether they’re doing enough to protect the financial system from cyberattacks on Wednesday, warning that more must be done next year to help banks defend themselves.

The spending package unveiled Tuesday would end Department of Veterans Affairs guarantees on larger loans starting Jan. 1.

The House approved an extension of the Terrorism Risk Insurance Act on Wednesday by a wide margin, but the financial industry is also poised to win several other possible legislative battles this week.

The battle over the nomination of Antonio Weiss, a relatively unknown investment banker, is less about him and more about the legacy and continuing influence of former Treasury Secretary Robert Rubin.

Morgan Stanley agreed to pay $4 million to settle U.S. regulatory claims that it lacked adequate risk controls, allowing a rogue employee at a client firm to engage in fraudulent trading.

The Rural Housing Service, an agency within the Department of Agriculture, is working to speed up loan processing and make other changes to boost lending in rural communities.

New York banking regulator Benjamin Lawsky provided details Wednesday about his plan to require the state's financial institutions to strengthen their cyberdefense systems.

TD Bank has settled with the state of Massachusetts after a data breach exposed the personal information of as many as 260,000 customers.

House leaders released a proposed six-year extension of a federal program to insure property against the risk of terrorism, including a Republican proposal to revise a bank regulatory law.

Earlier opposition to the idea appears to have eased in the wake of a new proposal that would use interbank fees to cover the cost of technological upgrades.

The Federal Reserve Board issued a proposal Tuesday detailing how it will charge the biggest banks more in capital, while saying it would keep exact figures secret. Still, a Fed governor revealed that JPMorgan Chase is the only institution that will need to raise capital if the plan is finalized in its current form.

WASHINGTON — The Federal Reserve Board released a proposal Tuesday laying out how it would institute capital surcharges on the country's biggest banks, saying it plans to be tougher than an international agreement on the issue.

Sen. Elizabeth Warren challenged the credentials of President Barack Obama's nominee for a top Treasury job, saying a "well-oiled" revolving door between Wall Street and its regulators favors banks' interests at the expense of consumers.

International regulators proposed a common template Tuesday for banks to use when disclosing their long-term liquidity compliance plans, which regulators say will help market participants assess and compare banks' plans to one another.

Bank directors and officers who agree to settle claims brought by the Federal Deposit Insurance Corp. in its capacity as receiver may find themselves next confronting a lifetime ban from the industry.