Policy & Regulation

The request by Sen. Tim Johnson serves as a rejoinder to Republicans who have been decrying the costs of new financial regulations.

Sen. Sheldon Whitehouse has reintroduced legislation that would allow states to cap the interest rates on credit cards used by their residents.

A group of U.S. senators on Nov. 9 introduced legislation that would allow states to cap credit card interest rates, which they say are riding at “extortion” rates for some consumers.

Overdraft elephants are hiding in plain sight in bank and credit union boardrooms. No one admits seeing them. No one talks about them. The less said the better.

Sen. Richard Shelby on Wednesday called for the Senate to pass a bill that would exempt more small banks from securities registration requirements.

A bipartisan group of Senators on Wednesday introduced a bill to create a covered bond market in the U.S. similar to legislation introduced by Rep. Scott Garrett, R-N.J.

Policymakers who stood by and watched the mortgage bubble inflate, and then explode, ought to pay attention to what's happening in the student loan market. The parallels may not be precise, but they are pretty darn scary.

The Federal Deposit Insurance Corp. says the Internal Revenue Service made a mistake related to $253 million in disputed tax refunds that are at the center of a legal fight between the bank regulator and the bankruptcy estate of Colonial BancGroup Inc.

Sen. Carl Levin, one of the legislative architects of the Volcker Rule, took sharp issue Wednesday with how regulators are proposing to implement the measure.

It's a sign of the dismal state of the housing market that a combined $14 billion bailout in the third quarter for Fannie Mae and Freddie Mac no longer merits front-page headlines.