Policy & Regulation

In a one-hour interview at his office in Massachusetts earlier this year, Rep. Barney Frank was surprisingly open, discussing what motivated him to get into politics, his personal life, and the cause of political gridlock in Congress.

Bankers are raising concerns that a new Financial Accounting Standards Board proposal that would allow banks to set aside reserves for future losses is too open-ended and might result in banks putting too much aside.

A large shareholder recently sold most of her holdings in First Citizens, giving her uncle's family a majority stake in the family owned company.

WASHINGTON — The Consumer Financial Protection Bureau on Friday specified changes it would like to make to a rule designed to increase regulation of international money transfers.

The House Democratic Caucus named six incoming freshman members of Congress to serve on the Financial Services Committee next year.

The OCC says the decline in foreclosures year-over-year has been largely driven by improving economic conditions and increased effort by servicers to keep borrowers in their homes.

The Consumer Financial Protection Bureau and several state attorneys general won their first joint-case Friday against a debt-settlement company in Florida.

JPMorgan Chase & Co. will be the target of a regulatory enforcement order stemming from mistakes that led to at least $6.2 billion in trading losses, according to a person briefed on the situation.

The OCC told financial institutions to report cyber attacks to law enforcement and alert customers to their impact as new assaults targeted PNC and other banks.

MasterCard Inc., already facing at least 12 U.K. lawsuits after European Union regulators outlawed cross-border card fees, was sued by Deutsche Bahn AG and J Sainsbury Plc.