Policy & Regulation

Sen. Bob Corker, R-Tenn., showed further signs he could be a 'nay' if Congress voted on extending the Transaction Account Guarantee program.

Campus card provider Higher One, along with The Bancorp Bank, its former bank partner, have settled a lawsuit with the FDIC stemming from several "alleged unfair and deceptive practices."

Bowing to pressure from community bankers, regulators extended the comment period on a set of proposals that will lift banks' minimum capital requirement to 7%.

"The kind of problems we're trying to address deal with clarity of the market — know before you owe — right from the very application stage," said Richard Cordray, Consumer Financial Protection Bureau director, in a recent interview with the New York Times about the two new mortgage forms the agency proposed in July.

Sens. David Vitter and Sherrod Brown are pressuring bank regulators to impose a higher capital surcharge for the largest U.S. banks.

Standard Chartered PLC might be asked to pay as much as $700 million to resolve money-laundering allegations filed by New York's banking superintendent after his department grew impatient with inaction by federal regulators, a person familiar with the case said.

The Federal Housing Finance Agency warned Wednesday it would take action, if necessary, to stop cities from using eminent domain to seize underwater mortgages and attorneys say they are likely to prevail.

The mortgage-writedown program that the FHFA rejected would have produced little benefit to the housing market. But principal forgiveness, done right, can do a lot of good while minimizing potential harm.

The multidistrict litigation process lumped together disparate overdraft cases in a "one size fits all" approach. As a result, it did not achieve the salutary goals the judicial panel set out to accomplish and must be judged an expensive failure.

Sen. Richard Shelby might be the Senate Banking Committee chairman in 2013, depending on which party is in control. If he does, he has his agenda ready.