Policy & Regulation

Ann Mehlum, the chief executive of Summit Bank of Eugene, Ore., will step down to lead the U.S. Small Business Administration's loan programs.

The Consumer Financial Protection Bureau made it clear Wednesday that it would be using complaint data gathered from consumers to heavily pursue debt collection firms at every level through both enforcement actions and new rulemakings.

Federal Reserve Chairman Ben Bernanke said Wednesday regulators are still trying to make the central bank’s monetary policy mesh more with its financial stability goals.

In a setback for credit card issuers and a win for retailers, legislation that would bar merchants from charging customers to pay with plastic has stalled in about 15 states

The Consumer Financial Protection Bureau issued bulletins on Wednesday warning any companies collecting debt that they would be held accountable for unlawfully dealing with consumers.

The Financial Stability Oversight Council, designed under the Dodd-Frank Act to identify risks to the stability of the financial system, unanimously voted Tuesday naming American International Group and GE Capital as systemically important institutions.

Six regulatory agencies on Wednesday issued a proposal that would exempt three types of higher-priced mortgage loans from appraisal requirements.

Lenders will need to evaluate and subsequently document their compliance with ability-to-repay and fair-lending rules in order to avoid getting caught in regulators’ crosshairs.

The long-anticipated collapse in mortgage applications, finally a reality, stands to take a bite out of bank earnings in the second quarter and beyond.

Richard Parsons, former chairman of Citigroup, said that the biggest U.S. banks probably need more capital as regulators seek to prevent another financial crisis.