Law and regulation

From the Volcker Rule to GSE reform, a number of major banking policy issues remain unresolved as the nation's capital clears out for its annual summer recess. Here's a look at where the policymaking and regulatory agendas stand, the prospects for August surprises and what issues are likely to heat up when the weather cools.

U.S. District Judge Ellen Segal Huvelle dismissed a Texas community bank's case against the 2010 Dodd-Frank Act, stating that the financial institution, as well as the 11 states and two conservative groups backing the case have no legal ability to challenge the reform law.

A federal judge has dismissed a Texas community bank's case against key parts of the Dodd-Frank Act, arguing the institution, as well as the 11 states and two conservative groups backing it, have no legal ability to challenge the 2010 financial reform law.

Sen. David Vitter, a staunch conservative who can usually be found singing the praises of plans to break up big banks and overhaul the FHA, will be singing a different tune this weekend — namely that of pop idol Justin Bieber.

Economist Jason Furman received congressional approval Thursday to be the new chairman of the White House Council of Economic Advisers.

The Federal Reserve Board has terminated an enforcement action against Eastern Virginia Bancshares in Tappahannock and has fined Blencoe State Bank in Iowa.

Bank of America said federal and state agencies plan to press more civil claims tied to mortgage and debt offerings, signaling the firm faces another round of legal battles tied to home loans and underwriting.

House Republicans raised concerns that the Consumer Financial Protection Bureau's former deputy director, Raj Date, and several other staffers left their positions at the CFPB in order to profit from rules they had helped create.

This is a work of fiction. Any resemblance to real merchants, bankers, lobbyists, or politicians, living or dead, is purely coincidental.

The Federal Trade Commission has charged an operation that sells credit and debit card payment processing services to small businesses with violating federal law.

A symbiotic relationship between security and revenue may sound too good to be true, but it's not. ISOs and acquirers can succeed by creating opportunities that pair enhanced PCI compliance tools with new revenue streams.

A lawsuit by 11 states and a Texas bank challenging the Dodd-Frank law's financial regulation overhaul was dismissed by a federal judge.

The head of the presidential task force combating financial crimes has resigned to join the private sector.

The capital rules are too complicated, making it easy for banks to manipulate them. There's only one way to fix them — make them a lot simpler.

GOP lawmakers are raising concerns that the Consumer Financial Protection Bureau's former deputy director, Raj Date, and other staffers "left the CFPB in order to profit from rules they helped create."

Ocwen is close to reaching a settlement with federal regulators and it appears the giant servicer will agree to make cash payments to borrowers who were harmed during the foreclosure process.

Thanks to enhanced regulatory expectations, directors and managers have more new responsibilities than they might realize.

Avidbank Holdings in Palo Alto, Calif., has completed the redemption of its Troubled Asset Relief Program stock.

Lawmakers have authorized the Federal Housing Administration to make a narrow set of changes to its reverse mortgages program to help the troubled program avert more radical reforms later this year.

A group of 37 House Democratic women are asking President Obama to name Janet Yellen, vice chairman of the Federal Reserve Board, to succeed Ben Bernanke as chairman of the Fed when his term expires.