Policy & Regulation

McGraw-Hill and its Standard & Poor's unit were sued by the U.S. over claims S&P knowingly understated the credit risks of bonds and derivatives.

WASHINGTON — GOP Sens. Bob Corker of Tennessee and David Vitter of Louisiana have introduced legislation that would require the Federal Reserve to focus on price stability to keep inflation low as its top priority.

The Consumer Financial Protection Bureau is expected to be inundated with comments on how to rework the proposed 3% cap on loan origination points and fees.

The act clearly stipulates that the Senate be involved in appointing the CFPB. Recess appointments, constitutional or not, are impermissible.

The ABA is raising concerns about a credit union's potential plans to change its field of membership from just Lutherans to serve all Christian denominations.

Treasury Secretary Tim Geithner was clearly dedicated to making the Financial Stability Oversight Council work, despite doubts the group of financial regulators would prove unwieldy and ineffective. The question remains, however, whether his nominated successor, Jack Lew, will be as committed to the council.

The quality of lending for most types of loans is likely to remain fairly steady this year, according to a survey of loan officers released Monday by the Federal Reserve Board.

Dodd-Frank repealed the ban on paying interest on business checking accounts. No longer necessary to circumvent that restriction, sweep accounts with overnight repos can still protect and retain high-balance depositors.

The CEO of the country's largest bank sounded off once again, admitting mistakes and waving the banner for banks on Monday in Miami.

Sections of Dodd-Frank and the JOBS Act have made allowances for certain community banks but, whether by design or oversight, have left small thrifts to fend for themselves.