Policy & Regulation

Robert Braswell, Georgia's banking commissioner, has learned a lot after seeing 74 banks fail in his state since 2008. He remains cautious about 2012 as his team emphasizes more risk control and corporate governance at the banks that remain.

Pennsylvania's Attorney General's Office renewed its lawsuit against defunct collection agency Unicredit America Inc. and now hopes to hold former company president Michael J. Covatto and former vice president Anthony D. Covatto personally liable for violations of consumer protection laws.

Former TARP special inspector Neil Barofsky blasted the Obama administration for undermining the CFPB with the recess appointment of Richard Cordray.

Peggy Twohig, the head of nonbank supervision for the CFPB, says the nonbank supervision team is working to assess risk in the market and identify which companies will be subject to exams.

In a speech to community bankers, Fed Gov. Sarah Bloom Raskin said community banks would not be subject to the same hefty requirements of their larger, more complex counterparts.

A federal judge has vacated a bankruptcy-court ruling that allowed Colonial BancGroup Inc. to access millions of dollars held in a disputed account, a win for the Federal Deposit Insurance Corp., the receiver for the holding company's former subsidiary, Colonial Bank.

In separate speeches, two top central bankers said policymakers should move quickly to assist the housing market in order to boost the U.S. economy.

The Securities and Exchange Commission will no longer allow companies to settle civil cases by neither admitting nor denying guilt if at the same time the companies admit to or are convicted of criminal wrongdoing.

The president visited the offices of the Consumer Financial Protection Bureau on Friday, shaking hands with employees and praising their efforts to stand up the bureau.

There's more confusion in the Obama administration's policy response to the foreclosure crisis than an Abbott and Costello routine. Now the Fed steps up to the plate.