Law and regulation

The draft released by the top Financial Services Committee Democrat would remove adverse information from credit reports and require consumer data furnishers to retain records.

A federal judge has dismissed an attempt by the New York Bankers Association to block a New York City law requiring an evaluation of community investments made by banks holding the city's deposits.

Real estate investment trusts don't pose the credit risk to the Federal Home Loan Bank System that regulators claim they do, said the CEO of Two Harbors Investment Corp.

Members of the Senate Banking Committee pressed top regulators on a host of issues, including plans to raise capital standards on the biggest banks and potential changes to a new liquidity rule.

The Federal Housing Administration wants lenders to make fewer mistakes when writing mortgages for the government insurance program. The agency also wants to serve more borrowers with low credit scores. Getting both may be tricky.

A lack of formal training programs and insufficient financial and career incentives limit the availability of skilled risk managers.

The best way to prevent the repo market from freezing up in a future crisis is to require broker-dealers to use Treasury securities as collateral.

MasterCard Inc. won a court clash with European Union antitrust regulators who refused to hand over a study comparing the costs of bank cards with cash.

The Federal Housing Finance Agency is receptive to the idea of Federal Home Loan Bank mergers, according to the agency's director.

In Indonesia, Bank Tabungan is partnering with financial services software company Compass Plus to navigate the issuance of EMV-chip cards ahead of its national deadline.

The Mortgage Bankers Association announced two promotions Monday as part of an organizational realignment plan.

The federal bank regulators proposed more consideration for small-dollar lending and non-branch services as part of a second round of targeted Community Reinvestment Act reforms.

Community bankers are launching a last-ditch effort to push the Senate this year to pass more than a dozen bipartisan regulatory relief bills that have already cleared the House with support from both parties.

Bankers joined loan guarantors in pushing the Federal Housing Finance Agency to ease proposed capital rules for mortgage insurers, saying the plan will make borrowing less affordable for homebuyers unless it's revised.

The Federal Reserve is making clear that the status quo, in which U.S. electronic payments take days to complete, is not going to hold, an industry analyst says.

Dodd-Frank has failed to solve the too big to fail problem, according to consultant J.V. Rizzi — and some of the best solutions, like breaking up the banks, are also the most unlikely.

Citigroup has promoted Peter Charrington to global head of Citi Private Bank.

A recent study suggests that credit card issuers' marketing practices show evidence of racial bias. The good news is that self-tests can help lenders fix fair lending compliance issues, according to Rich Walker of the Winterberry Group.

WASHINGTON — Several trade groups representing Federal Home Loan bank members are urging a federal regulator to extend the comment period on a controversial proposal to change the system’s membership requirements.

In signing off on the new "liquidity coverage ratio," Federal Reserve Board officials provided a strong signal that the regulatory work on liquidity standards is just getting started.