Policy & Regulation

Regulators may fault JPMorgan Chase (JPM) for failing to conduct sufficient due diligence into accounts held by the investment firm of disgraced money manager Bernard Madoff, Reuters reported Monday.

Companies that submitted initial resolution plans last year to the Fed and FDIC under Dodd-Frank must detail in their second drafts how they would address impediments to a wind-down and follow the series of steps required for bankruptcy.

The Office of the Comptroller of the Currency's effort to gain enforcement authority over bank consultants has sparked objections from contractors who argue the agency's move threatens their independence.

Activists staged a tax-time protest against big banks that used an adaptation of the classic video game "Space Invaders."

Lawmakers have a busy schedule this week with several hearings on a variety of issues, including the independent foreclosure review and "too big to fail."

Policymakers clearly don't want to harm small banks, but it's difficult to see how they can insulate us from the macroeconomic effects of some of the proposals being considered.

Mark Zandi, the chief economist for Moody's Analytics, has emerged as a contender to lead the Federal Housing Finance Agency as the White House searches for a replacement for Acting Direct Ed DeMarco, according to news reports.

Expect the rate of terminated enforcement actions to increase in coming months as more banks get a handle on their problems, industry observers say.

The Treasury Department plans to auction its holdings in eight more banks as it continues to unwind Troubled Asset Relief Program holdings.

Nearly a third of mutual thrifts recently told the American Bankers Association that their regulator lacked a good understanding of their business.