Law and regulation

Clients of the largest U.S. banks withdrew funds this month at the fastest weekly pace since the Sept. 11 attacks as a deposit-insurance program ended and customers tapped into their year-end cash hoards.

Require megabanks to pay their stealth subsidies into a reserve available only to creditors and the FDIC. Market discipline will do the rest, as shareholders demand that the banks shrink.

It seems clear that the Consumer Financial Protection Bureau believes balloon mortgages are not abusive or predatory. Why, then, does the rule so restrict their use?

Nearly three years after the implementation of a landmark credit card reform bill, the CFPB faces a monumental challenge: determining whether the law helped or hurt consumers.

Banks may struggle to raise funds from insurers due to a conflict between Basel III rules for lenders and Solvency II regulation for insurers, Prudential CEO Tidjane Thiam said.

The industry trade association released the results from its simulation of an "orderly" Dodd-Frank wind-down, as well as a paper endorsing the FDIC's resolution approach.

Why haven't any senior Wall Street executives gone to jail for the financial crisis? PBS' "Frontline" is the latest mass media outlet to ask this increasingly unanswerable question.

Dwolla announced Jan. 22 that it's working with the Iowa state government to accept official payments.

The Progressive Campaign Change Committee, a liberal activist group, has recorded over 33,000 names on a petition backing Rep. Barney Frank for a temporary Senate seat.

House Democrats on the Financial Services Committee are not only sending letters to regulators on financial services-related rules in the Dodd-Frank reform law, but they are also focusing on foreign energy extraction.

Nearly three years after the implementation of a landmark credit card reform bill, the Consumer Financial Protection Bureau faces a monumental challenge: determining whether the law helped or hurt consumers.

Flathead Holding Co. of Bigfork, Mont., has entered into an agreement with regulators to bolster its capital.

The Consumer Financial Protection Bureau faces the task of determining how the 2009 credit card reform law has influenced the cost of credit. Its conclusions will likely offer clues to its future rulemaking and spur further clashes between bankers and consumer advocates.

Deferred prosecution agreements involving HSBC's money laundering scandal and similar cases have practical advantages. But they also raise concerns that big banks are getting off easier than small ones.

The FTC asked a U.S. district court to halt an operation that allegedly placed more than $70 million in bogus charges on consumers’ phone bills.

Federal regulators are partnering up to take a close look at whether banks provide collections agencies with sufficient evidence to back up demands that consumers repay debts. The action could result in a revamping of the multi-billion dollar business.

Federal regulators have hinted they'd like to toughen the rules governing the way banks collect delinquent consumer debt. Making them stick would likely prove challenging.

Regulators and banks should develop a system allowing lenders to go bust without damaging the world economy to help restore public trust in the industry, JPMorgan Chase (JPM) Chief Executive Officer Jamie Dimon said.

Citigroup's Michael picks a team much like him, the Consumer Financial Protection Bureau weighs in on force-placed insurance and banks release good-news, bad-news earnings reports.

The Minnesota Department of Commerce closed the $50.2 million-asset 1st Regents Bank in Andover on Friday.