Law and regulation

Sen. Tim Johnson, chairman of the Senate Banking Committee, and Rep. Jeb Hensarling, chairman of the House Financial Services Committee, have remained mum over the renewed push to end "too big to fail", which has garnered attention recently from prominent lawmakers, regulators and pundits.

The consensus in Washington is that "more needs to be done" to end "too big to fail," but the bulk of the reforms Congress and the Basel Committee adopted in the wake of the 2008 crisis have yet to be adopted. So no one truly knows if we've done "enough" yet.

New York Attorney General Eric Schneiderman just can't wait for Edward DeMarco's reign at the Federal Housing Finance Agency to end.

National Mortgage Insurance is upending the traditional business model by underwriting every single loan it insures and promising not to ask lenders to pay claims on defaulted loans if the borrower had made 18 months of consecutive payments.

Regions Financial in Birmingham, Ala., is taking steps to conform its capital to evolving regulatory requirements.

President Obama is expected to nominate Rep. Mel Watt, D-N.C., on Wednesday to head the Federal Housing Finance Agency, according to sources, a move that is likely to spark a fierce confirmation battle.

The debate over "too big to fail" has attracted unprecedented attention in the last few months from prominent lawmakers, regulators and pundits, but both Sen. Tim Johnson and Rep. Jeb Hensarling, two key players, remain on the sidelines.

Median bank chief executive pay raises slowed from the year before but look healthy compared with stagnant revenues and languishing stock prices.

In an effort to lift compliance burdens on small banks, the Consumer Financial Protection Bureau revised its final rule on international money transfers.

WASHINGTON — The Consumer Financial Protection Bureau is recommending that policymakers implement a nationwide financial education program into grade school as well as standardized tests.

The Consumer Financial Protection Bureau revised its final rule on international money transfers on Tuesday in an effort to lift the compliance burden on small banks.

The debate over whether commercial firms should be allowed to own a bank may be renewed as Dodd-Frank's retailer bank ban is due to expire in July.

Rep. Jeb Hensarling's political action committee hosted a fundraising event in February for numerous banking industry officials, ProPublica reported Tuesday.

The SEC is still working on rules for compensation clawbacks, but some banks have adopted stricter policies in response to pressure from activist shareholders like the New York City comptroller's office.

The European trend to restrain CEO pay is gaining momentum in the U.S. It suggests the double-digit raises that American bank bosses have enjoyed the past few years may not last.

The two U.S. bank subsidiaries of The Royal Bank of Scotland Group were hit with regulatory fines totaling nearly $14 million on Tuesday for what authorities called misleading marketing of their overdraft protection programs.

Merchants have a vastly different receptiveness and understanding of the U.S. conversion to EMV-chip payment cards, and VeriFone is taking a diverse approach to appealing to them all.

Taxicab drivers and their passengers will soon be able to test new mobile hailing and payment systems, following the launch of an e-hailing pilot program and updates to New York City’s regulations for in-car payment terminals.

The Consumer Protection Bureau's final rule issued Friday is meant to explain how the agency would use its Civil Penalty Fund, which holds money collected as a result of fines against financial institutions.

The Consumer Financial Protection Bureau (CFPB) has changed parts of the CARD Act that the bureau said was making it harder for some "stay-at-home parents" to get credit cards.