Policy & Regulation

Bitcoin enthusiasts, playing off the holiday tradition of Black Friday sales, held their own Bitcoin Friday last week, leading to a spike in Bitcoin transactions at some — but not all — participating merchants.

Michael J. Covatto, former president of now-defunct Unicredit America Inc., must pay $522,780 in civil penalties and legal fees under a judgment against him in Erie County (Pa.) Court.

The Financial Stability Oversight Council voted unanimously Tuesday to suggest ways to reform the money market mutual fund industry in an effort to break through a logjam at the SEC.

Raj Date, the deputy director at CFPB, is seen as a moderating influence at the agency, given his past experience as a banker. His pending departure leaves bankers nervous about the future.

The agency's annual independent actuarial report is expected to show that its capital reserves have been depleted by rising levels of defaults. FHA could shore up its finances by increasing its enforcement against banks and other lenders, but it may also need to tap the Treasury for the first time in its history.

Mortgage servicers are making a push to remind homeowners who may be facing foreclosure they have roughly 48 days to request independent reviews.

A unit of BNY Mellon (BK) will pay $210 million to settle charges that it let clients invest funds with disgraced money manager Bernard Madoff despite its own concerns that Madoff was running a Ponzi scheme.

Sheila Bair says we should prohibit examiners from quitting to work in the private sector, to keep them from gaining unjustly favorable regulatory treatment for the banks that later employ them. But the worse abuse runs the opposite way.

President Obama's reelection has given his administration a "do-over" opportunity in housing.

Treasury Secretary Timothy Geithner has made it clear he plans to leave office before the start of President Obama’s second term. Here are the pros and cons associated with some potential replacements.