Policy & Regulation

A credit union association has "egg on its face" after scaling back its estimate of membership gains, one banking representative says. Another cautions against too much celebration.

Support for a clearer ban is widespread since a 60 Minutes report suggested lawmakers — including House Financial Services Committee Chairman Spencer Bachus — traded on nonpublic information, but members are still debating the scope of the legislation.

Doing something — anything — quickly but poorly is no substitute for taking the time to do what needs to be done well.

A bipartisanship bill seeks to give banks a new way to appeal exam results and has regulators steaming.

The Federal Housing Finance Agency this week hired Manoj K. Singh as principal examiner for risk, in charge of Fannie Mae and Freddie Mac.

While the largest 8 U.S. banks already know they will face a capital surcharge, a top Federal Reserve official suggested that more domestic bank holding companies may face such a charge to fulfill capital requirements under Dodd-Frank.

Ahead of the Department of Labor's anticipated proposal to redefine fiduciary responsibility, expected sometime in 2012, 55 House Republicans sent a letter asking for more careful consideration of the effects on consumer choice before any new rule is proposed.

The Securities and Exchange Commission's staff will need "a few additional months" to complete work on its recommendation to the commission about whether U.S. companies should adopt the international rules, SEC chief accountant James Kroeker said.

Many community banks that are struggling to grow and cannot afford to repay their bailout aid will be forced to sell, and they don't have a lot of time to find a buyer.

The battle between Democrats and Republicans over the Consumer Financial Protection Bureau will come to a head this week when Senate Democrats hold a vote — expected to fail — on the confirmation of the bureau's first director. But observers said the vote, which is likely to be the first of many, plays into a White House strategy of painting Republicans as anti-consumer protection, and friends of Wall Street.