Law and regulation

Two members of the House Financial Services Committee have been given new subcommittee assignments, the panel announced Wednesday.

WASHINGTON — The Conference of State Bank Supervisors named Charles A. Vice, the commissioner of the Kentucky Department of Financial Institutions, as the group’s chairman this week.

A new report from the Federal Reserve on debit card swipe fees suggests that the 2011 law that capped fees large banks could charge is not crimping revenues at smaller institutions, echoing earlier findings by the Federal Trade Commission.

Target Corp., Macy’s Inc. and other companies sued Visa Inc. and MasterCard Inc. over credit-card and debit-card fees after retailers objected to a multibillion-dollar settlement of a similar suit.

Penny Pritzker defended her role in the 2001 failure of Superior Bank on Thursday, insisting that she had only tried to "salvage the situation."

Henry Holt & Co. announced a deal with Elizabeth Warren for her account of founding the CFPB, her Massachusetts Senate race and advocacy for the middle class.

With a litany of bipartisan reasons to oppose FATCA, ranging from privacy and sovereignty to U.S. economic competitiveness, it is startling that the legislation has advanced as far as it has.

It's hard to believe but true: more than 700 banks maintained a pristine Camels 1 rating throughout the six-year period bracketing the financial crisis. New Fed research shows why.

The nation's biggest banks may be too big to fail but they enjoy little advantage when it comes to the cost of capital.

The more that compensation designs depart from well-grounded pay-for-performance principles, including appropriate metrics and actual financial results, the less effective they are as an incentive

Fair Debt Collection Practices Act lawsuits filed against collection agencies and creditors posted large gains on a month-to-month basis as well as compared with a year ago, a reversal of last year's trend.

A turn towards small local Bitcoin exchanges could keep the digital currency out of trouble while preserving the self-sufficient ethos of the Bitcoin community.

Assistant Attorney General Mythili Raman acknowledges "complexities" in investigating bigger banks but tells a House panel that they "do not equal immunity" from criminal action.

Lawmakers on the House Financial Services Committee grilled Treasury Secretary Jacob Lew on Wednesday over various policy issues, including the Volcker rule, mortgage finance reform and the Internal Revenue Service scandal.

Federal Reserve Board Chairman Ben Bernanke told lawmakers that his concerns about financial stability risks from historically low interest rates have "increased a bit."

The most effective housing reform would let the GSEs do what they do best: act as a conduit for private capital to enter the residential lending market.

The Consumer Financial Protection Bureau is expanding efforts to coordinate with state bank and nonbank regulators on supervision and enforcement.

Wells Fargo CEO John Stumpf said that he believes the government-sponsored enterprises need to be retained in some form because the guarantee they provide is important to investors.

As much as David Fiderer and others try to defend the GSEs and the policies that drove them into insolvency, the taxpayers who bailed them out are unlikely to be fooled.

The Federal Trade Commission announced Tuesday plans to ban the use of four payment methods favored by con artists and scammers.