Law and regulation

The Federal Reserve said Regions Bank will pay a $46 million misconduct penalty for incorrectly identifying and reporting nonperforming loans and that three former employees will be sanctioned while avoiding prosecution.

The Senate Banking Committee approved Julian Castro, the mayor of San Antonio, on Wednesday to head the Department of Housing and Urban Development.

The House Financial Services Committee remains divided, largely along party lines, over whether to renew the charter of the Export-Import Bank of the United States.

An Office of the Comptroller of the Currency emerging risk report said underwriting for indirect auto and leveraged loans is cause for concern.

Sen. Thad Cochran, R-Miss., won a key primary runoff contest Tuesday night, securing the likelihood that Sen. Richard Shelby, R-Ala., will resume his chairmanship of the Banking Committee if Republicans take control of the Senate.

The regulator of Fannie Mae and Freddie Mac (FMCC) will conduct a series of town-hall events to convince hundreds of thousands of U.S. borrowers with little or no equity in their homes to refinance.

The GSEs make mortgages? Banks don't? For an economics professor who has made the causes of the housing collapse a central campaign issue, David Brat sure doesn't sweat the details.

A recent court ruling affirms that customers can be held responsible in cases of wire transfer fraud. But banks aren’t off the hook.

Federal Reserve Board Gov. Daniel Tarullo said Wednesday that banks will need to continue to improve their capital planning processes as part of their annual stress test exercise.

Fannie Mae and Freddie Mac suffered "significant financial harm" from "excessively priced" force-placed insurance, an inspector general's report says, advising their regulator to assess whether to sue banks and insurers for damages.

A confluence of events, including the defeat of House Majority Leader Eric Cantor, has increased the chance that Congress won't renew the charter of the Export-Import Bank. Private banks receive billions of dollars in U.S. support for loans made to promote American exports.

WASHINGTON — The Financial Stability Oversight Council on Tuesday met in a closed session to discuss short-term wholesale funding reform.

In the face of continuing criticism of the Financial Stability Oversight Council, Treasury Secretary Jack Lew said the special risk oversight panel must be allowed to do its job.

Wholesale lenders are capping broker compensation at 2.75%, below the CFPB's 3%, adding another "overlay" above and beyond regulatory requirements. Some say borrowers are being shut out as a result.

In widely anticipated legislation on Bitcoin, Canada is regulating digital currency businesses under existing rules for money movement and California is updating its laws to legalize the use of alternative currencies.

Mortgage-bond investors are urging the government to stop banks from saddling them with the costs of probes into sales of the debt.

In widely anticipated legislation on Bitcoin, Canada is regulating digital currency businesses under existing rules for money movement and California is updating its laws to legalize the use of alternative currencies.

WASHINGTON — The Federal Reserve Board said Tuesday it will give four large banking firms, including Citigroup, more than six additional months to resubmit capital plans as part of stress test requirements overseen by the central bank.

On one hand, bills supporting deregulation are garnering legislative support. On the other, a number of high-profile members of Congress have spoken out in favor of stricter rule enforcement and prosecution.

U.S. Attorney General Eric Holder today warned banks and other financial institutions to stop helping scam artists defraud consumers.