Law and regulation

As part of a report on "high risk" areas in government, the Government Accountability Office expanded the scope of its review of regulatory issues to include the Federal Housing Administration.

Sen. Elizabeth Warren and two other members of the Senate Banking Committee have spoken out against Republicans who seek to block Richard Cordray's nomination as director of the Consumer Financial Protection Bureau.

President Obama's nominee for Treasury Secretary, Jacob Lew, calmly fielded three hours of sometimes hostile questions during a Wednesday hearing on Capitol Hill.

Congress is afraid to tackle this complicated and contentious issue, but the market badly needs positive signals from our lawmakers that provide certainty about the future of housing finance.

The oft-mischaracterized HUD disparate impact rule will discourage any race-based decision making and minimize lawsuits. Why would any mortgage lender want to continue a practice with a discriminatory effect but no business objective?

While the U.S. inches toward adoption of the EMV chip-card standard, some card makers and issuers are finding they need to move faster than others.

The attorneys general of eight states are requesting to join a lawsuit that challenges the constitutionality of the Dodd-Frank Act and the Consumer Financial Protection Bureau.

WASHINGTON — Senate Banking Committee Chairman Tim Johnson and Sen. Mike Crapo, the top panel republican, wrote to regulators on Wednesday urging them to weigh concerns by community bankers on pending Basel III capital and liquidity rules.

Citizens First (CZFC) in Bowling Green, Ky., is nearly two-thirds of the way to exiting the Troubled Asset Relief Program.

Visa Inc. and MasterCard Inc., the world’s biggest payment networks, won dismissal of a price- fixing lawsuit brought by a group representing operators of automated teller machines.

At a press conference protesting Republicans' refusal to confirm a director of the CFPB, Elizabeth Warren and other Democrats said they have no intention of making structural changes to the agency in order to meet GOP demands.

Republican lawmakers sharply questioned Treasury Secretary nominee Jack Lew on Wednesday, asking him to detail his role at Citigroup in the lead-up to the financial crisis and his views on a range of banking issues.

The Federal Trade Commission's annual letter to the Consumer Financial Protection Bureau outlines Fair Debt Collection Practices Act cases pursued in the past year.

The Federal Housing Administration commissioner faced a barrage of questions from lawmakers on the agency's fiscal health and downplayed fears that it will need a Treasury bailout.

Comptroller Thomas Curry argued Wednesday that regulators had no choice but to halt the independent foreclosure review process in favor of faster payouts to affected borrowers. He also provided new details on how payments would proceed.

CoBank in Denver is giving $5 million to fund agricultural research and education at land grant universities nationwide.

The Consumer Financial Protection Bureau plans to work with the mortgage industry throughout the year to help lenders comply with the new rules by the 2014 deadline.

Due to continuing struggles within global economies, the interconnected financial framework requires higher levels of capital, liquidity and investments in assets that can objectively be considered safe.

The banking industry and outside observers weighed in Wednesday on a White House order that aims to bolster protection of the nation's critical infrastructure against cyberattack.

The Consumer Financial Protection Bureau is launching a yearlong plan to help lenders comply with the onslaught of mortgage rules by the 2014 deadline.