Law and regulation

Former Chairman of the House Financial Services Committee Barney Frank called Friday for both stringent standards and lenient enforcement around the 2010 Dodd-Frank law's Volcker Rule.

Regulators are closing in on a final Volcker Rule to restrict proprietary trading, dialing up certain requirements related to documentation while providing some flexibility on "market making" activities. This story includes a fully interactive timeline on Volcker's contentious history.

The world of lending and loan servicing is undergoing huge transformation, with operational changes that will take time to play out.

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NEW YORK — Federal Reserve Bank of New York general counsel Thomas C. Baxter Jr. criticized the financial services industry's ethics and culture on Friday, faulting bankers for valuing profits over relationships.

Barely a handful of lenders are refinancing student loans, despite a prolonged period of low interest rates and the surging debt burden for college graduates.

The Federal Deposit Insurance Corp.'s watchdog is urging stronger coordination between separate agency divisions among its recommendations for improving the implementation of Dodd-Frank Act resolution powers.

The former president and chief executive of Bank of Choice in Greeley, Colo., will pay $65,000 to investors to settle charges he violated registration and anti-fraud provisions of the Colorado Securities Act.

Federal Reserve Board Gov. Daniel Tarullo on Friday floated three ways policymakers could strengthen a set of proposed market-wide reforms for securities financing transactions.

A bipartisan group of lawmakers is urging regulators to strengthen their supplemental leverage ratio in order to help eliminate concerns over "too big to fail."

Retired Congressman Barney Frank, one of the architects of the Dodd-Frank financial reform law, called Friday for both stringent standards and lenient enforcement around the law's much-watched Volcker rule.

Tougher restrictions on job duties, zero tolerance from senior management and compensation structured around long-term incentives, among other things, will prevent the wrong people ending up in banking for the wrong reasons.

The House Financial Services chairman mocked his height and the partisan nature of the housing finance debate, while referencing everything from football great Johnny Manziel to McDonald's hamburgers.

Pacific City Financial (PFCF) in Los Angeles redeemed more than half the preferred stock it issued to the Treasury Department under the Troubled Asset Relief Program.

The two lenders are the largest issuers of deferred-interest credit cards and would be most affected by a CFPB crackdown on the product, a new report suggests.

Rather than simply continuing to absorb the losses from account takeover attacks, institutions should be reevaluating the effectiveness of their authentication methods and increase security to better prevent fraud.

Senate Majority Leader Harry Reid has finally made good on longstanding threats to alter chamber rules on executive nominations, likely paving the way for controversial White House nominees to win confirmation — including Rep. Mel Watt to head the Federal Housing Finance Agency.

The House Financial Services Committee passed six bills on Thursday that would change several aspects of the Consumer Financial Protection Bureau.

Industry representatives say the Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency's guidance puts the future of deposit advance in doubt, while regulators say they are simply urging better underwriting and risk management.

The House Financial Services Committee passed six bills on Thursday to alter various aspects of the Consumer Financial Protection Bureau.