Policy & Regulation

The Federal Deposit Insurance Corp. knows it must put some meat on the bones of its process for dismantling large financial firms, but is struggling to strike the right balance between providing too much detail and not enough.

Thomas Hoenig, vice chairman of the Federal Deposit Insurance Corp., said banks chasing 20% returns are aiming too high.

Straightening out bad actors is fine, but it won’t resolve the inconsistencies and consumer confusion about overdraft protection cited by the Consumer Financial Protection Bureau.

Pakistan is considering a law requiring banks to give the country's tax revenue agency access to online databases of account holders and their transactions.

Rep. Carolyn Maloney, D-N.Y., the second-ranking Democrat on the House Financial Services Committee, earned a cameo in a ballet performance at the Metropolitan Opera House.

Bankers defended force-placed insurance practices and dodged questions about alleged industry kickbacks and price gouging at a private but well-attended meeting hosted by the Federal Housing Finance Agency.

The nation's highest court is expected to announce Monday whether it will hear arguments in a case with the potential to dramatically lower banks' exposure to allegations of lending discrimination.

Goldman Sachs chief executive Lloyd Blankfein backed Federal Deposit Insurance Corp. efforts, mandated under the Dodd-Frank Act, to create a rule for orderly closures of big firms.

The Consumer Financial Protection Bureau has lost more than a dozen senior officials in recent months, raising concerns whether the agency will be able to maintain the aggressive pace set during its nearly two years of existence.

Visa Inc. sued Wal-Mart Stores Inc. in a bid to stop the world's largest retailer from filing a lawsuit to press price-fixing claims over merchant swipe fees.