Policy & Regulation

The Supreme Court announced Monday it would hear a case that calls into question President Obama's recess appointments to the National Labor Relations Board.

Global banks' profits and lending will be hurt by Basel III capital rules as lower borrowing costs push companies away from loans to the bond market, the London-based Loan Market Association said.

Volcker rule threatens to wreak havoc on foreign banks, Milbank Tweed's Douglas Landy writes.

In the wake of his Deloitte crackdown last week, New York financial regulator Benjamin Lawsky called for more reforms, and punishments, of the bank consulting industry.

WASHINGTON — The Consumer Financial Protection Bureau proposed several tweaks on Monday to its recently released mortgage regulations, including changing certain deadlines.

WASHINGTON — Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va., are scheduled to introduce their highly anticipated bill to reform the mortgage finance system on Tuesday, a spokeswoman from Warner’s office confirmed Monday night.

Although the case the Supreme Court is set to hear does not involve the CFPB, it may pave the way to invalidate CFPB Director Richard Cordray's recess appointment as well as some parts of regulations the agency has promulgated.

The House and Senate banking panels are holding several hearings this week, including Consumer Financial Protection Bureau officials discussing the private student loan market and a planned look at "too big to fail" regulations.

The Financial Crimes Enforcement Network has reorganized to strengthen its enforcement of the nation's anti-money laundering laws.

The FTC's move to hold payment processors responsible for the deeds of unscrupulous merchants could result in higher prices or less choices for small businesses and consumers.