Policy & Regulation

The leaders of the Securities and Exchange Commission and Commodity Futures Trading Commission were pressed by lawmakers on Tuesday about their progress implementing new rules under the 2010 Dodd-Frank Act.

WASHINGTON — Federal regulators released proposed guidance on Tuesday designed to help medium-sized banks comply with company-run stress test requirements that kick in this fall.

A relief package proposed by three senators last week has reinforced hope that Capitol Hill will ease community banks' regulatory burden by yearend.

The City of Richmond has sent offer letters to roughly 32 mortgage servicers and trustees requesting that it be allowed to buy underwater home loans at reduced prices. If the servicers balk, city officials say they will seek to seize the properties through eminent domain.

Lawmakers pressed heads of the SEC and CFTC at a hearing on Tuesday about their progress implementing and enforcing new rules under the Dodd-Frank Act.

While many people think of Bitcoin as a currency, Jaron Lukasiewicz, CEO and co-founder of Coinsetter, says Bitcoin should be thought of more as a payments infrastructure, allowing quick, inexpensive funds transfer. But for Bitcoin to thrive, banks must agree with this perspective.

A move by Pennsylvania lawmakers to abolish the state's savings-and-loan association charter comes as the number of thrifts nationwide continues to decline and the "S&L" name loses its former appeal.

The Federal Reserve Bank of Chicago entered a written agreement with the $87 million-asset lender on July 23, Fed officials said Tuesday.

The former House Financial Services Committee chairman and Sheila Bair, the former FDIC chairman, both joined Twitter this week, with Barney Frank earning a surprise celebrity endorsement.

Price competition remains elusive in the market for loans to consumers with poor credit histories. Here's why.