Policy & Regulation

Despite President Obama's victory Tuesday, the Democrats' financial policy agenda over the next two years will be far more about defending their past achievements than scoring new ones.

Elizabeth Warren, the CFPB architect and frequent bank critic, was elected late Tuesday to the Senate, much to the dismay of the financial services industry.

The Federal Reserve Board has ended a written agreement with Boscobel Bancorp that required the Wisconsin company to serve as a source of strength for its Community First Bank.

Complex rules can be bent to special interests, and invite gaming and unfairness. An example is the exclusion of credit cards that don't impose "finance charges" from a great many requirements.

If the House goes to the Republicans, Rep. Jeb Hensarling of Texas will most likely be the next head of the Financial Services Commmittee. A Dodd-Frank revamp and GSE reform will be his twin causes, predict observers.

Although the Federal Deposit Insurance Corp.'s yearlong study of challenges and opportunities for community banks is expected to yield a final report next month, the agency will release an update on some of its findings this week.

Regulators are expected to miss a global deadline to finalize Basel III capital and liquidity requirements by yearend.

Success will depend on how regulators handle four areas: Collaboration, scope, privacy and the regulatory burden.

Citigroup Inc., the third-biggest bank by assets, received requests for information from the Monetary Authority of Singapore related to probes into the rigging of key benchmarks used to set loan rates.

With a community-based state charter, Veridian Credit Union isn’t supposed to have members outside its market in Iowa. And yet the credit union has been handling funds nationwide for the alternative payment company Dwolla since 2009.