Policy & Regulation

The Treasury secretary and the Fed chair figure are likely to face tough questioning from lawmakers, among several other events in D.C.

Hong Kong's securities regulator Monday criticized and fined a Citigroup Inc. unit HK$6 million (US$770,394) for missing a "Ponzi scheme operating under its nose," and then later failing to report it to the Securities and Futures Commission in a timely fashion.

Citigroup, which last week touted its promise not to charge customers for using their debit cards, is telling some checking customers that it will start charging them $15 per month unless they maintain a balance of at least $6,000.

A U.S. district court has halted an operation that allegedly subjected consumers to abusive collection practices and deceived the small-business clients for whom it collects.

Kevin MacMillan has moved from the government-relations shop at Bank of America Corp. to that of U.S. Bancorp.

We already know of one presidential candidate, Rep. Ron Paul, R-Texas, who is a steadfast critic of the Federal Reserve System. But did you know that another used to be a central banker himself?

WASHINGTON — First International Bank in Plano, Texas, became the year's 74th failed institution late Friday.

Consumers could save upwards of $63 billion a year if Fannie Mae and Freddie Mac participate in a workable refinancing program for underwater borrowers, according to Moody's Investors Service.

Efforts to negotiate a settlement between state attorneys general and the top five mortgage servicers collapsed Friday after California pulled out the negotiations.

B. Riley & Co. analyst Rich Eckert thinks the government "should get out of the way" of the housing market, and discussing the potential effects of mortgage refinancing programs.