Policy & Regulation

Thomas Hoenig, outspoken during his time at the Kansas City Federal Reserve Bank, would become the FDIC's No. 2 during implementation of a new resolution system.

Federal Reserve officials are considering a new program of buying mortgage-backed securities to boost the ailing economy, though they appear unlikely to move swiftly in this direction.

Was the Fed trying to convince itself foreclosure isn’t that bad? Would they roll out the pie charts and PowerPoint presentations to convince the rest of the financial community, Congress and the like, that homeowners don’t have to fear deterioration of lifestyle, maybe just a bit of downsizing?

Sen. Mark Warner, D-Va., and other lawmakers pressed a top Treasury official on whether U.S. regulators can predict the impact a crisis in Europe would have on domestic firms.

Capital One Financial reported a small increase in third-quarter profit Thursday as the bank's loan writeoffs and delinquencies continued to fall.

As many banks evaluate how much impact the Durbin amendment that limits debit card interchange will affect revenue, U.S. Bank says it is reserving judgment.

Groups similar to Occupy Wall Street have sprouted up in cities across the country like crab grass in August. Now into their second month of protests, these young Americans are objecting to bank bailouts, foreclosures, millionaires, and even capitalism.

Sen. Richard Shelby and Sen. Bob Corker both sounded skeptical of the value of the traditional mortgage product, raising questions about whether the GOP may seek to eliminate it as part of a housing reform overhaul.

WASHINGTON– U.S. Sen. Dick Durbin, D-Ill., is calling on Wells Fargo & Co. to explain why it needs to impose new debit card fees when it posted a 21% increase in third quarter profits.

The office of California's Attorney General on Tuesday subpoenaed Bank of America Corp., seeking to determine whether the bank sold and marketed mortgage-backed securities under false pretenses, the Los Angeles Times reported Thursday on its website, citing a person familiar with the investigation.