Law and regulation

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Election Commission (FEC) has proposed allowing Bitcoin to be accepted as contributions for federal candidates in its draft guidance.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

Industry-accepted standards would reduce friction and costs in satisfying compliance requirements during a time of heightened scrutiny for banks and their vendors.

Banks, along with Fannie Mae and Freddie Mac, are revisiting mortgage lending policies to address fracking concerns. Some banks will no longer finance homes where an oil rig sits, and Freddie Mac says it can force the entire outstanding balance to be paid if an oil lease is signed.

The written testimony to the Senate Committee on Banking, Housing and Urban Affairs is part of the CFPB's fourth semi-annual report.

Timothy Massad, the Treasury Department official responsible for overseeing the U.S. rescue of banks and automakers after the credit crisis, will be nominated to head the country's top derivatives regulator.

Americans for Financial reform and the Roosevelt Institute are set to release a paper Tuesday assessing how far policymakers have come in implementing the Dodd-Frank Act, while suggesting the need for more reform.

At some point, the CFPB may start asking if issuers' credit scoring models negatively affect minority credit card applicants more than white applicants.

Former President Bill Clinton told some of Wall Street's top executives that fines levied against banks in connection with the financial crisis should be used to fund infrastructure improvements in the U.S.

The 2008 financial crisis forced the Fed and Treasury into a too-cozy relationship and the Dodd-Frank law cemented it. Janet Yellen should use her confirmation hearing this week to reassert the central bank’s independence from the administration, argues editor-at-large Barbara Rehm

Fidelity Investments, BlackRock Inc. and PIMCO were among more than two dozen firms, industry stakeholders and lawyers that filed letters in an effort to discount the credibility of a report released by the Office of Financial Research labeling asset management firms as systemically important.