Policy & Regulation

Securities and Exchange Commission Chairman Mary Schapiro said Monday that she is stepping down as the agency's head.

Whataburger Restaurants LLC has dropped its lawsuit against collection agency giant NCO Financial Systems.

To prove and defend their capital adequacy, community banks must focus on linking the results of stress testing to the core principles that underlie Basel III's stand-alone ratios.

After a relative lull the past two years, the Senate Banking Committee may be poised to advance a corrections bill to the Dodd-Frank reform law next year, and begin work on other issues like mortgage finance reform.

Nancy Sheppard, who plans to retire next year as CEO of the Western Independent Bankers, wisely pushed the group out of lobbying and into executive training, bankers say.

Willing sellers have pretty much replaced failed banks among targets with less than $1 billion of assets. Volume has perked up in other size classes simultaneously.

In a court filing this week, the Department of Justice rejected a Texas bank's claim that the Dodd-Frank law, and the CFPB in particular, were unconstitutional and harmful to financial institutions.

A bill that would exempt homeowners from having to pay taxes on principal reductions and other forms of debt cancellation will expire at the end of the year if Congress doesn't pass an extension.

As the Consumer Financial Protection Bureau streamlines mortgage disclosure forms, banks worry that the proposed simplification may become a burden.

All mortgage lenders should voice their objection to the NMLS' efforts to include non-mortgage industries such as pawnbrokers, debt collectors and even used car financing companies in its registry.