Policy & Regulation

The most aggressive enforcer of federal sanctions law may now be New York State. At home and overseas, this could cause a lot of people a lot of problems.

The Senate Banking Committee will hold a confirmation hearing on June 27 for North Carolina congressman Mel Watt to lead the Federal Housing Finance Agency.

Freddie Mac plans to eliminate a $7,500 annual low-activity fee that has met with a backlash among rural banks that sell a small number of loans each year to the government-sponsored enterprise.

According to Federal Reserve Board Chairman Ben Bernanke, several critical rules under the Dodd-Frank Act will be released in the upcoming months.

White House efforts to promote voluntary sharing of information about cyber threats among banks represent "an important step" but a presidential directive cannot substitute for a law, Treasury Secretary Jack Lew said.

It is time to put an end to the misuse of companies to evade taxes and advance criminal purposes.

The U.S. Supreme Court reinforced companies' power to funnel legal disputes into arbitration, ruling in favor of American Express Co. in an antitrust clash with retailers over the credit cards they must accept.

New York regulators announced a $250 million settlement Thursday with Bank of Tokyo Mitsubishi-UFJ (BTMU) for violating United States sanctions against countries including Iran, Sudan and Myanmar.

The Corker-Warner bill would require private investors to take 10% of losses before federal mortgage guarantees kick in. More research is needed to determine whether that’s enough protection for taxpayers.

Banks will have to scrutinize their relationships with consultants, brace for the possibility of a wave of regulation of consulting practices and have backup plans in case a key advisor ever receives a punishment like the one New York state dealt Deloitte.