Law and regulation

The Federal Deposit Insurance Corp. is seeking $6.3 million in damages from three former directors of the failed Progress Bank of Florida in Tampa.

People without an extensive derivatives background can learn about the nuances of these financial contracts. Massad's law degree, stint as Tarp adviser and global professional experience will help him achieve the CFTC's mission of derivatives reform.

Beleaguered bank JPMorgan Chase (JPM) shot itself in the foot with its own Twitter hashtag on Wednesday afternoon, demonstrating the many potential pitfalls for banks and other big corporations that try to harness Twitter for their own purposes.

WASHINGTON — Janet Yellen, the president's nominee to head the Federal Reserve Board, pledged Wednesday to continue to use supervisory tools at the central bank's disposal to minimize the chance of another crisis.

The U.S. Department of Housing and Urban Development for the first time failed to sell some of the soured mortgages it's auctioning off in the wake of the housing crisis, according to four people with knowledge of the results.

The former president and chief executive of a failed bank in Savannah, Ga., has pleaded guilty to a conspiracy charge in a loan-fraud scheme.

Credit unions are paying more for talent and getting more aggressive in lending, as bankers start to doubt whether policymakers will ever strip their foes' tax exemption.

A West Virginia woman's estate that allegedly was harassed by a collection agency has filed a lawsuit in the West Virginia Circuit Court of Mercer County.

While much of the banking world will be watching closely Thursday to divine hints of Janet Yellen's views on the progress of regulatory reform and the need for further action, the nominee for chairman of the Federal Reserve Board is likely to offer few clues. Here's why.

The Consumer Financial Protection Bureau plans to hold a field hearing Thursday on the concerns about how the agency is regulating indirect auto lenders.

An aspect of U.S. tax law is being criticized by some lawmakers and consumer groups concerned that it may be worth billions of dollars for JPMorgan Chase in negotiations with the Department of Justice.

The Federal Election Commission (FEC) has proposed allowing Bitcoin to be accepted as contributions for federal candidates in its draft guidance.

In its next round of stress tests, the Federal Reserve revisits conditions similar to those of the Great Recession. But booms are far more dangerous for bank stability than recessions, since the seeds of failure are invariably sown during them.

Consumer Financial Protection Bureau Director Richard Cordray acknowledged concerns Tuesday about how the agency is regulating indirect auto lenders, vowing to be more transparent about its oversight.

Attorney General Eric Holder has conceded that economic considerations deterred the DOJ from going after big banks. But another reason financial wrongdoers gave gotten off light in recent years is the government's failure to go after them with the aggression it showed during the savings and loan crisis, says Neil Barofsky, a former prosecutor and inspector general of the Troubled Asset Relief Program.

SEC Chairwoman Mary Jo White said Tuesday that regulators could "maybe" finalize the much-delayed ban on proprietary trading by the expected year-end delivery date. But she refused to commit to the deadline and warned that the rule's "complexities make it difficult" to finalize.

Sen. Elizabeth Warren garnered support on Tuesday at a Wall Street reform event in Washington D.C. to help end "too big to fail."

WASHINGTON — The Office of the Comptroller of the Currency issued new standards on Tuesday for banks that hire independent consultants when under an enforcement action.

Sen. Elizabeth Warren rallied supporters on Tuesday to help end "too big to fail" and back her bill to separate commercial banking from riskier activities, in a fiery speech before consumer advocates.

Americans for Financial Reform and the Roosevelt Institute have plans to release a joint paper Tuesday assessing policymakers' progress in implementing the Dodd-Frank Act.