Law and regulation

Banks and national regulators are too slow to draw up living wills showing how large international lenders can be wound down if they fail, the Financial Stability Board said today.

Research may fail to prove the Community Reinvestment Act contributed to the subprime housing crisis. But its supporters also can’t prove that it didn't.

"Despite delays and protests, compliance with myriad Dodd-Frank and Basel III rules will likely accelerate in the coming year - particularly those around mandated stress tests requiring banks to demonstrate protection from adverse economic pressures," writes American Banker's John Adams.

The inspector general monitoring Tarp says that, despite its previous warnings, the Treasury Department has failed to improve its policies and procedures to ensure that its own guidelines on executive pay are met.

Fannie Mae and Freddie Mac will let some borrowers who kept up payments as their homes lost value erase their debts by giving up the properties.

Reopening the mortgage securitization pipeline is a vital step toward a housing market recovery that will boost the wider economy, Comptroller of the Currency Thomas Curry said today in a Las Vegas speech.

Our politics is far more belligerently partisan and dogmatic now than in 2008, and the memory of the public rage over the last bailout is very fresh.

Several pieces of banking-related legislation that were introduced — but not enacted — during the 112th Congress are due to make a repeat appearance in the just-begun 113th Congress. Here are some bills expected to get reintroduced, including everything from restructuring the Consumer Financial Protection Bureau, reforms to stabilize the Federal Housing Administration and required disclosures of privacy notices.

Canada's right next door and has lots of English speakers, so it might seem the ideal place for American independent sales organizations to expand. But the two countries' business and cultural practices differ in ways that Americans may not expect.

TCF Financial (TCF) in Wayzata, Minn., will pay $10 million to settle an investigation by U.S. authorities into alleged money-laundering lapses.

JPMorgan Chase (JPM) is pushing back against a shareholder proposal to let investors vote on whether the bank should consider taking itself apart.

Freshman lawmaker Rep. John Delaney, who used to head commercial lender CapitalSource, discussed his priorities as a new member of House Financial Services Committee.

A three-judge panel of the U.S. Court of Appeals ruled that President Obama did not have the authority a year ago when he filled three recess appointments to the NLRB — the same day he appointed Richard Cordray to head the Consumer Financial Protection Bureau.

Our analysis is agnostic on whether the costs are proportional to the benefits. But we find the claim that the CARD Act has had no cost to cardholders to be too hopeful based on current data.

Despite bipartisan nature of first vote, new House Financial Services Committee leaders still dispute effects of Dodd-Frank law.

A look at what the past record of Mary Jo White, the nominee to run the Securities and Exchange Commission, says about her future dealings Wall Street.

Comptroller of the Currency Thomas Curry and FDIC attorney Richard Osterman faced some pointed questions from members of a British parliamentary panel.

President Barack Obama on Thursday re-nominated Richard Cordray to continue leading the Consumer Financial Protection Bureau (CFPB).

Regulators took a series of enforcement actions against banks last month in connection with management oversight, capital adequacy and other matters.

The operators of a scheme that allegedly deceived consumers trying to sell their timeshare properties are permanently banned from the timeshare resale business.