Policy & Regulation

EverBank Financial (EVER) in Jacksonville, Fla., has agreed to pay the Federal Deposit Insurance Corp. $48 million in connection with its purchase of the failed Bank of Florida in May 2010.

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the bank will have to reprice certain lending products to get to a "fair return" now that regulators are requiring the industry to hold more capital.

Colorado Attorney General John Suthers has sued collection agencies United Credit Recovery, GTF Services and Standley & Associates for allegedly using fraudulent bank documents to try collecting outstanding debts and for engaging in deceptive trade practices that harmed consumers.

The Senate confirmed Rep. Mel Watt Tuesday evening to lead the Federal Housing Finance Agency, thanks to a historic filibuster rule change launched by Democrats late last month.

The Consumer Financial Protection Bureau accused GE Capital Retail Bank of misleading consumers into a health care credit card product that retroactively charged exorbitant interest rates, marking the agency's first significant attempt to go after such offerings.

WASHINGTON — The Federal Deposit Insurance Corp. on Tuesday approved a nearly 11% reduction in the agency's budget for 2014, a further sign of how the improving economy is reducing bank failures.

The Federal Deposit Insurance Corp. issued a strategy document on its method for unwinding failed behemoths, but concerns raised by board members and questions asked to the public in the document signal the start of a broader debate.

Regulators braved a short-lived but intense snow storm in Washington D.C. on Tuesday to approve the final Volcker Rule, a regulation designed to prevent banks from engaging in proprietary trading. Within minutes of its approval, banks, lawmakers and others reacted to the long-awaited provision. Following are some of the highlights:

Regulators appeared visibly relieved Tuesday as they signed off on a final Volcker Rule after three years of interagency wrangling, but the hardest part will be figuring out how to implement and enforce the new regulation

The five-member board voted unanimously to flesh out how the policy will work when a systemically important company fails. But this show of unity may be misleading and fleeting.