Law and regulation

Senate Majority Leader Harry Reid is weighing whether to change Senate filibuster rules if Republicans do not allow a vote on the nominations of Richard Cordray to the CFPB and six other Obama administration appointees.

House Republicans unveiled plans to unwind Fannie Mae and Freddie Mac that would largely remove the government from the housing market and restructure the FHA.

Sens. Elizabeth Warren, D-Mass., John McCain, R-Ariz., Maria Cantwell, D-Wash., and Angus Kin, I-Maine proposed a bill that would reinstate the 1930s-era Glass-Steagall Act.

Senate Banking Committee members pressed banking officials about the significance of new capital standards at a hearing Thursday on the Dodd-Frank Act, including concerns that institutions will work around new rules and remain highly leveraged.

The Federal Reserve Board has terminated a regulatory order with Waterstone Financial in Wauwatosa, Wis.

While the Federal Reserve’s exclusion of trust-preferred stock from Tier 1 capital is understandable, an analysis shows cumulative preferred stock can absorb losses at times of distress.

Financial institutions with at least $10 billion in assets knew they would take a hit to their revenue when the Durbin amendment capped interchange pricing. But smaller issuers, who were exempt from the cap, have seen a drop as well.

Senate Banking Committee Chairman Tim Johnson and Sen. Mike Crapo, the panel's top Republican, announced Thursday they have reached an agreement on legislation to overhaul the Federal Housing Administration.

The Office of the Comptroller of the Currency has named a new senior deputy comptroller for large banks.

The Consumer Financial Protection Bureau finalized clarifications to its ability-to-repay and mortgage servicing rules Wednesday that include what lenders can use to calculate a borrower's debt-to-income ratio.

Fidor Bank AG, of Munich, has agreed to help Bitcoin Deutschland GmbH, an exchange operator, to speed trading of bitcoins and comply with regulatory requirements.

WASHINGTON — Four key senators introduced a bill Thursday that would effectively reinstate a Depression-era law that separated the investment and commercial sides of U.S. banks.

Applying the latest statistical techniques to measure operational risks lulls us into a false sense of analytic security and desensitizes management to the important qualitative aspects of controlling such exposures.

Federal Reserve Board Gov. Elizabeth Duke said Thursday that she was resigning from the central bank effective Aug. 31.

The bill may be a bridge between the advocates of a purely private market and those who favor some role for the federal government in housing.

Martin Pfinsgraff has officially been named the senior deputy comptroller for large banks at the Office of the Comptroller of the Currency.

Six regulatory agencies proposed an exemption from appraisal requirements for three types of higher-priced mortgage loans.

The Consumer Financial Protection Bureau made it clear Wednesday that it would be using complaint data gathered from consumers to heavily pursue debt collection firms at every level through both enforcement actions and new rulemakings.

Ann Mehlum, the chief executive of Summit Bank of Eugene, Ore., will step down to lead the U.S. Small Business Administration's loan programs.

The Consumer Financial Protection Bureau made it clear Wednesday that it would be using complaint data gathered from consumers to heavily pursue debt collection firms at every level through both enforcement actions and new rulemakings.