Regulation

Bank of America completed a $2.1 billion bulk sale of nonperforming home loans in the second quarter, and is almost done with such dispositions, said Chief Financial Officer Bruce Thompson.

Even activities permitted under the Volcker Rule may not be worth the legal and compliance costs for small and midsize banks, according to three attorneys at Bass, Berry & Sims.

U.S. Treasury Secretary Jacob J. Lew urged Congress and financial companies to step up their fight against cyber threats, saying malicious acts pose a risk to national security and financial stability.

Mian, a money services business in Georgia, has agreed to pay the Financial Crimes Enforcement Network a $45,000 penalty for repeatedly violating the Bank Secrecy Act.

Smaller banks are disproportionately affected by regulation, forcing some to consider selling or to rethink their strategy, two community bankers argued before Congress.

Although the landmark bill bearing his name stopped short of consolidating the regulators, former Sen. Christopher Dodd said creating a single prudential agency could be revived one day.

WASHINGTON — A new analysis by the American Action Forum examines the cumulative costs and paperwork burdens of the Dodd-Frank Act roughly four years after the financial reform law's passage.

The Federal Deposit Insurance Corp. proposed several assessment-pricing changes to correspond with the Basel III regime, including altering how highly complex banks report counterparty risk.

At a congressional hearing Tuesday, partisan lawmakers gave wildly divergent interpretations of the payment system crackdown.

The Fed Chair tells lawmakers she's "very positive on the idea of having a community banker appointed to the Board," but against requiring it by legislation.