Opinions

One of the likely less-appreciated perks of being Federal Reserve Board chairman is that you are a frequent target of The Onion.

Countries pledge coordination but then go their own ways when it comes to financial regulation. Could it spell the end of global finance?

Bank of America Corp. is having preliminary conversations about a home-foreclosure settlement that would reduce the amounts owed by some of its troubled borrowers in exchange for a broad release from legal claims against the lender, said people familiar with the talks.

Higher spending on its credit and debit cards boosted MasterCard Inc.'s second-quarter net revenue by 22.1% from a year earlier.

The dramatic exit of Dominique Strauss-Kahn from the International Monetary Fund and the selection of Christine Lagarde as the fund's new managing director have put the international spotlight on the process by which leadership of international financial bodies is determined.

The Senate nomination hearing for Richard Cordray, who's tabbed to become the first director of the Consumer Financial Protection Bureau, has been postponed until Sept. 6.

At a Senate hearing, community bankers express concern that rules designed to address flaws in the securitization process will harm their more traditional mortgage operations.

A federal appeals court decision, which found the Securities and Exchange Commission failed to properly look at the economic costs of a new proxy rule, could present serious challenges to the rule-making process under Dodd-Frank and put regulators under even more pressure.

American Banker editors debate whether the landmark financial legislation will prevent another financial calamity or merely harness banks with huge new regulatory burdens.

Legal Helpers Debt Resolution, a Chicago-based debt settlement company, was fined $314,000 on Monday and issued a cease-and-desist order of its unlicensed business by the Illinois Department of Financial and Professional Regulation (IDFPR).