Law and regulation

Carol Galante, the head of the Federal Housing Administration, downplayed a coming budget estimate that is expected to show the agency will need taxpayer aid for the first time since it was founded in the 1930s.

Lawmakers were sharply divided on President Obama's brief remarks regarding the housing market during his State of the Union address Tuesday night.

The White House issued an executive order on Tuesday that aims to strengthen protection of the nation's critical infrastructure against cyberattack.

In a speech largely devoted to other issues, President Obama reiterated his call for a bill to help struggling borrowers refinance their mortgages.

The Federal Deposit Insurance Corp. proposed steps Tuesday that could open the door to U.S. banks satisfying a United Kingdom mandate to treat foreign and domestic depositors more equitably.

All 12 Federal Reserve Bank presidents on Tuesday endorsed efforts by regulators to reform the $2.9 trillion money market mutual fund industry.

Republicans continue to call for the CFPB to adopt a five-person board instead of having a single director. Similar calls are almost never heard regarding the Office of the Comptroller of the Currency.

Senate Banking Committee Chairman Tim Johnson, D-S.D., released the panel's agenda for the 113th Congress on Tuesday. Among many of the issues unveiled was an emphasis on continued oversight of the Dodd-Frank reform law.

Republicans continue to call for the CFPB to adopt a five-person board instead of having a single director, but similar calls are almost never heard regarding the OCC.

Individuals who blew the whistle on a mortgage fraud scheme that cost JPMorgan Chase $296 million in fines have three months to prove that their information helped lead to the settlement.

The Consumer Financial Protection Bureau, created under the 2010 Dodd-Frank reform law, will require some mortgage servicers to develop general plans for avoiding complications arising from the transfer of servicing rights.

Sen. Tim Johnson, chairman of the Senate Banking Committee, laid out his plans for the 113th Congress, including opening the door to changes of Dodd-Frank if there is a bipartisan consensus.

House Financial Services Committee Chairman Jeb Hensarling appeared on CNBC's "Squawk Box" Tuesday morning to discuss the FHA's fiscal woes.

The White House is expected to unveil an executive order on Wednesday that aims to bolster safeguards against cyberattacks for industries deemed vital to the nation's well-being.

The Federal Reserve Board has issued an enforcement action against the holding company of an Alabama bank.

A decision by the FHFA to study further a proposal by Fannie Mae raises questions about industry pressure to head off a plan that seeks to cut premiums by hundreds of millions of dollars and end controversial payments to banks.

The Federal Deposit Insurance Corp. on Tuesday proposed clarifying the insurance status of foreign deposits in a bid to quell international pressure about how overseas customers are treated in a bank failure.

Banks are beginning to use considerable discretion in deciding what constitutes an illegal act and sometimes even an immoral act. Freeze the funds first ... ask questions later.

American Express Co. Chairman and Chief Executive Officer Kenneth I. Chenault netted $15.4 million before taxes from the exercise of stock options and the sale of restricted shares.

The PCI Council’s directions for Payment Card Industry Data Security Standards are expanding as mobile commerce grows and when combined with local differences in diverse markets, the new guidance statements can be a compliance challenge for issuers that operate in multiple nations. The use of “compliance-as-a-service,” or CaaS, to provide managed monitoring and compliance updates to keep up with changes is an emerging option for large card issuers.