Policy & Regulation

Mortgage earnings climbed to 14% of total revenues at Wells Fargo in the fourth quarter. Banks say they can scale down operations quickly when volume fizzles.

Eight new members have joined the committee that advises the Federal Deposit Insurance Corp. on community-bank policy.

Ingenico SA, a French provider of payment terminals and services, agreed to buy online-payment company Ogone for 360 million euros ($484 million) as part of a push to expand outside Europe.

The alternative payment provider Dwolla's recent partnership with the Iowa state government earns the company credibility while also opening the door to an area that needs to modernize the way it handles money.

A ruling by a federal appeals court last week that President Obama acted improperly in recess appointing members of the National Labor Relations Board may encourage Democrats to cut a deal on the structure of the Consumer Financial Protection Bureau.

JPMorgan Chase (JPM) is standing up for megabanks against growing criticism and calls for their breakup.

Richard Cordray's recess appointment to the Consumer Financial Protection Bureau may ultimately be invalidated, but legal experts say several recent mortgage regulations approved on his watch may still be upheld.

EverBank and OneWest appear set to do what regulators and the largest mortgage servicers concluded was impractical: Finish the independent foreclosure reviews.

Banks and national regulators are too slow to draw up living wills showing how large international lenders can be wound down if they fail, the Financial Stability Board said today.

Research may fail to prove the Community Reinvestment Act contributed to the subprime housing crisis. But its supporters also can’t prove that it didn't.