Law and regulation

Capital is just not an issue for these banks. All the capital they may ever need is a phone call and wire transfer away.

John Allison, former chairman and chief executive of BB&T, made a pitch to abolish the Federal Reserve at a Dodd-Frank Act seminar.

Joseph Smith, who is monitoring the $25 billion national mortgage settlement agreement, says he is "encouraged" by banks' progress, but he cautioned that their numbers fail to take into account that short sales carry less weight in certain states.

The Consumer Financial Protection Bureau issued a stark warning to mortgage lenders and brokers on Monday, arguing they must stop running "potentially misleading advertisements," including those targeting veterans and older Americans.

Instead of pushing to avoid risk retention or liability for future frauds, banks that want to originate and sell mortgages should focus on containing and rolling back the disparate impact doctrine, which seems sure to savage them.

The FHA's mission to promote housing has contributed to its downfall in addressing its other mission: to maintain fiscal discipline of the mortgage insurance fund.

The growth in hedge funds, private equity firms and other entities outside the regular banking system is leading one global group to call for stricter oversight of non-bank entities.

Regulators offer relief with Basel III delay, the Federal Housing Administration falters, credit card ad wars heat up.

An initial agreement between EBay and Intuit took effect in August 2006, and eBay backed away from hiring an Intuit employee for an opening at its PayPal unit, according to the complaint. By April 2007, the accord became a no-hire agreement,

The event, hosted by the Federalist Society, was largely designed to focus on the CFPB. But former BB&T CEO John Allison used his time to openly argue for ending, or limiting, the Fed.

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WASHINGTON — State regulators in Georgia closed the $125 million-asset Hometown Community Bank in Braselton late Friday, stretching the industry's failure toll this year to 50.

The Consumer Financial Protection Bureau's enforcement actions and remittance rule were hot topics at a panel with agency official Michael Gordon.

To offer credit as a means of promoting savings is a bit like a hospital encouraging people to get sick so they can be healed.

The Consumer Financial Protection Bureau says it will delay the effective date of new disclosures about escrow accounts and other items as the agency crafts a broader overhaul of mortgage forms.

The Clearing House has named the top executives of two of the nation’s biggest banks to lead its supervisory board in the coming year.

New York's Attorney General has issued a letter demanding that Wells Fargo (WFC) resume processing mortgage modification requests for borrowers in states hit by Hurricane Sandy.

An effort to overhaul commercial bankruptcy laws is in its early stages, and creditors in the syndicated loan market sense a threat to some of their most important tools for guarding collateral.

The Lansing, Mich., company has a confirmation hearing on Dec. 4. A delay could prove costly to Capitol's survival; the state regulator has threatened to seize the company's bank in New Mexico on Dec. 20.

Taxpayers are getting a bargain by propping up the cash-strapped Federal Housing Administration.