Policy & Regulation

The Securities and Exchange Commission has closed an investigation of Suffolk Bancorp (SUBK) in Riverhead, N.Y.

As they push to have over-the-counter derivatives cleared with central counterparties, regulators must not let these clearing houses become systemic risks themselves.

The brouhaha over a court ruling that debit card fee caps be lowered overshadowed another problem for banks: the decision could also enable merchants to play card networks against one another on signature debit transactions.

I applaud the government's efforts to weed out bad actors, but I'm deeply concerned about the unintended consequences this could have on much needed financial services for underbanked people.

Michael Andrew Collier, a fully disabled veteran, has voluntarily withdrawn his lawsuit against a law firm he alleged told him he "should have died" rather than collect disability payments, according to federal court documents.

Bruno Iksil, the former JPMorgan Chase trader whose bets caused more than $6.2 billion in losses last year, is now central to any U.S. charges against his former colleagues.

Eric Schneiderman, New York's top law enforcer, filed a suit Monday against three online lenders and their owners, alleging that they violated usury laws by making loans that carry annual interest rates of between 89% and 335%.

Sens. Elizabeth Warren and Bernie Sanders say Fed chair candidates should spell out whether they are willing to break up "too big to fail" banks and if the financial crisis was caused by the repeal of the Glass-Steagall Act.

The cost of doing business with the Federal Housing Administration could skyrocket if the agency adopts a new method for calculating lenders' liability for poorly underwritten loans that default.

Senate Majority Leader Harry Reid's surprise criticism of President Obama's plan to unwind Fannie Mae and Freddie Mac has upset the conventional wisdom surrounding housing finance reform.