Law and regulation

A new paper dredges up a tired argument against the Community Reinvestment Act, which played an important role in sustainably expanding home lending to many Americans. Let's move on already.

If a regulator overreaches its stautory authority, fails to adequately weigh costs against benefits or tries to hold the bank to arbitrary or capricious standards, you've got a case.

Shaun Donovan, secretary of the Department of Housing and Urban Development since the beginning of President Obama's first term, is planning to stay in his job through the second term.

The ill-conceived tax act is in direct conflict with many foreign laws, and would be another hammer blow to America's fragile economy since it would dramatically reduce foreign investments.

Sandra Thompson, The Federal Deposit Insurance Corp.'s supervision chief for the last seven years, is stepping down.

The Federal Deposit Insurance Corp. board of directors approved stricter appraisal requirements for higher-cost mortgages with the release of a final rule on Tuesday. Federal regulators have also expanded the types of loans that will be exempt from the new standards.

Dodd-Frank required mortgages with higher rates to face greater appraisal demands, but regulators have expanded the loans granted exemptions in a new final rule.

A Federal Reserve proposal to tighten regulation of foreign banks in the U.S. would also significantly expand the central bank's oversight of foreign broker-dealers, effectively snatching supervisory responsibility from the Securities and Exchange Commission in the process.

Regulatory changes to the 1099-B, 1099-K and 1042-S forms, intended to help reduce the $450 billion tax gap, will make it much more difficult to avoid penalties and tricky customer service issues.

Presidential inauguration planners have named Amalgamated Bank in New York as their go-to financial institution.

House Democrats have chosen ranking members for the five banking panel subcommittees.

The Consumer Bankers Association is warning banks that they will face challenges booking loans while also competing with nonbanks in areas such as prepaid cards.

The National Consumer Law Center released a 90-page report Tuesday calling for the Consumer Financial Protection Bureau to make loan modifications mandatory in national servicing standards.

If the JPMorgan Chase board docks CEO Jamie Dimon's compensation only for the London Whale’s trading loss, he should consider himself fortunate that they are so myopic.

The Fed and OCC issued consent orders against JPMorgan Chase related to its trading losses, but stopped short of fining the bank.

The Basel III liquidity plan is the latest case of a global rule hostile to local realities.

The Fed and OCC orders against JPMorgan required them to fix their internal controls related to its trading activities, but stopped short of requiring sweeping changes or mandating a monetary penalty.

In a speech at a California Bankers Association conference on Friday, Comptroller of the Currency Thomas Curry said regulators are close to completing the 'Volcker' trading ban and securitization rules.

Amy Friend, the former chief counsel of the Senate Banking Committee is expected to rejoin the Office of the Comptroller of the Currency. Friend, who helped draft the Dodd-Frank Act, will be the OCC's top lawyer.

Amy Friend, the former chief counsel of the Senate Banking Committee who previously worked at the OCC, will succeed Julie Williams as the agency's chief counsel.