Regulation

Sens. Sherrod Brown, D-Ohio, and David Vitter, R-La., continued to press their case over "too big to fail" on Thursday, in the wake of a new government report that raises fresh questions about the size of a market subsidy for the largest institutions.

The Consumer Financial Protection Bureau is weighing whether to place further restrictions on overdraft programs after a study released Thursday revealed consumers who opted in for such services are paying significantly more in fees.

The Federal Deposit Insurance Corp. has appointed a new director for its Office of Minority and Women Inclusion.

If finalized and then approved by regulators, the combination of the Des Moines and Seattle Home Loan banks would be the first voluntary merger in the system’s history.

A highly anticipated report by the Government Accountability Office has found that the subsidy large banks receive for their size has been reduced or even eliminated since the financial crisis.

Consumer Financial Protection Bureau Director Richard Cordray told House lawmakers on Wednesday that allegations of discrimination and retaliation among agency employees were due to its efforts to rapidly build itself up following its creation three years ago.

The Senate Homeland Security & Governmental Affairs Committee approved legislation Wednesday that would require federal agencies to be more transparent in settlements reached with banks and other companies for breaking the law.

WASHINGTON — The Federal Reserve Board on Wednesday took yet another incremental step to pare down its stimulus program to $25 billion.

Bank of America's Countrywide unit was ordered to pay $1.3 billion in penalties for defective mortgage loans it sold to Fannie Mae and Freddie Mac in the run-up to the 2008 financial crisis, a little more than half of what the U.S. had requested.

The Justice Department's legal case against American Express will not benefit consumers and will weaken competition, said Jeff Campbell, executive vice president and CFO of American Express.