Policy & Regulation

Three more executives at Oxford Collection Agency have pleaded guilty in Connecticut federal court to charges stemming from a $10 million fraud scheme, according to the Federal Bureau of Investigation.

We must pay more attention to placing blame where it exists and punishment where warranted, not foisting penalties off on shareholders, investors, customers and employees.

Three former executives of a defunct debt-collection firm have pleaded guilty to charges they lied to a bank that received funds from the Troubled Asset Relief Program.

The Clearing House spent 10 months and $2 million to plan a simulation of a large bank failure — and the results are not only fascinating, they're exemplary.

Sens. Sherrod Brown, D-Ohio, and David Vitter, R-La., are planning to push for legislation authorizing a Government Accountability Office study that would estimate the value of the economic benefits large banks receive for being "too big to fail."

Eric Grover, partner at Intrepid Ventures, a financial services and payments consulting firm, questions why bank chieftains support the "stifling regulation" under the Dodd-Frank Act.

The Consumer Financial Protection Bureau was questioned by Sen. Sherrod Brown, D-Ohio, about problems with the credit reporting system in a study the agency released last week.

Fannie Mae and Freddie Mac may have lost billions of dollars as a result of banks' allegedly manipulating the Libor benchmark that determines the price at which banks lend to one another.

The Consumer Financial Protection Bureau is seeking comments on how the Credit Card Accountability Responsibility and Disclosure Act of 2009 has impacted consumers. The input will allow the agency to construct future proposals for new credit card rules.

Lawmakers pressed a Consumer Financial Protection Bureau official Wednesday on problems with the credit reporting system raised in a major study released by the agency last week.