Policy & Regulation

Sen. David Vitter, who sits on the Senate Banking Committee, sent out a press release condemning executives at Fannie Mae and Freddie Mac for paying $12.79 billion in bonuses. There was just one problem: the actual number was $12.79 million, not billion.

William (Bill) Matthews and Tim Doyle receive promotions at the Conference of State Bank Supervisors

Mark Carney's appointment as chairman of the Financial Stability Board drew praise from Sheryl Kennedy, managing director of the consulting firm Promontory Canada, whose earlier work at the Bank of Canada overlapped with Carney's tenure there.

Lower borrowing costs under the government’s refinancing program for underwater homeowners mean lower interest payments for investors, and banks are the biggest holders of agency mortgage bonds.

A New York firm that represents banks in foreclosures is coming under the spotlight on Capitol Hill after the publication of offensive photos from its Halloween party.

ICB Financial in California paid the FDIC $500,000 for a waiver against any cross-guarantee liability from the failure of Progress Bank of Florida.

Federal Reserve Board Gov. Daniel Tarullo said U.S. regulators will be making recommendations to the Basel Committee on Banking Supervision to change the proposed liquidity requirements that firms will have to adhere to starting in 2015.

International regulators named eight U.S. firms as globally significant institutions, subjecting them to a capital surcharge that will take effect in 2016. But the exact size of the charge, including differences among those institutions, was left unclear for at least another year.

If Sens. Dick Durbin and Jack Reed get their way, banks will soon be required to adopt a uniform one-page form for checking account fees.

The Federal Trade Commission is sending 188 refund checks to small businesses and non-profits that were defrauded by two telemarketing operations.