Law and regulation

Bank of Tokyo-Mitsubishi UFJ Ltd. agreed to pay an additional $315 million to New York’s Department of Financial Services for misleading regulators in an investigation of the bank’s transactions with sanctioned countries including Iran and Sudan.

A number of banks have cut ties with business lines that are seen as high-risk in an effort to dodge the threat of enforcement actions. The result is stunted job creation and innovation, not to mention customers who are denied much-needed services.

A number of Dodd-Frank and Basel III regulations will impact banks' investments in the CLO market, but the Volcker Rule poses unique challenges.

A secondary market system "dominated by Fannie and Freddie in conservatorship is simply not desirable," Castro says.

WASHINGTON — The Federal Reserve met with members of the world's largest banks and other global financial regulators on Monday to discuss alternatives to discredited interbank reference rates.

Banks are facing enhanced scrutiny from examiners, causing them to sever ties with businesses they view as high-risk, but regulators are also pressuring them not to close those accounts, fearing financial disenfranchisement.

An independent actuarial report showed the Federal Housing Administration's mortgage insurance fund's capital ratio hit 0.41% this year, which is below the earlier estimate of 1.2%.

Quantitative easing hasn't led to severe price inflation as critics feared — but the large quantity of Treasury debt might.

Plaintiffs advocating for spousal rights in existing Home Equity Conversion Mortgages are renewing their motion for class certification, citing circumstances surrounding two instances of foreclosures under interim government policy.

BNC Bancorp in High Point, N.C., has agreed to buy Valley Financial in Roanoke, Va.

Federal Reserve Board Gov. Jerome Powell said Friday that he does not anticipate the central bank's interest rate policy changing because of real or perceived volatility in the market.

WASHINGTON — Federal Reserve Bank of New York President William Dudley will testify before a Senate panel next week on questions about whether the bank is too cozy with the industry.

The Department of Justice and the Federal Deposit Insurance Corp. have agreed to launch preliminary investigations into Operation Choke Point.

A report due next week on the Federal Housing Administration's financial health is expected to show that the agency's reserve fund has significantly improved over the past year.

Sen. Elizabeth Warren's rise to a spot on the Democratic leadership team has supporters cheering, but it remains to be seen how the role will affect her work on banking issues.

Senator Elizabeth Warren opposes President Barack Obama's nomination of Antonio Weiss to a top Treasury Department post because of the Lazard Ltd. executive's work on corporate tax inversions, a person familiar with the lawmaker's position said.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Consumer groups said that the Consumer Financial Protection Bureau was too soft in its prepaid card plan, arguing that it should have required more on upfront disclosures, banned overdraft charges, and completely severed prepaid cards from being tied to other types of credit.

Consumer groups said Thursday that the Consumer Financial Protection Bureau was too soft in its prepaid card plan, arguing that it should have required more on upfront disclosures, banned overdraft charges, and completely severed prepaid cards from being tied to other types of credit.

The Federal Reserve Bank of Dallas said President Richard Fisher will step down on March 19, making him the second district chief and voting policymaker this year to announce his retirement from the central bank.