Regulation

The Federal Deposit Insurance Corp. has proposed tailoring its system for pricing banks' insurance premiums to correspond with new Basel capital requirements.

"The real question for me is should we be in the FHA business at all," the CEO says.

The FDIC, OCC and Federal Reserve all plan to testify Tuesday that banks, not their regulators, are ultimately responsible for deciding who is an appropriate customer.

Federal and state authorities on Monday sought to rein in three companies accused of exploiting consumers struggling to pay off their debts.

The Justice Department's $7 billion deal with Citigroup is likely not the last big government maneuver to penalize banks for faulty mortgage-related practices leading to the financial crisis.

For months, the Consumer Financial Protection Bureau floated a contract giving it control over the content of bank customers' complaints submitted online to the agency. It scrapped the plan after industry objections.

The alternative payments provider Dwolla insists that regulating Internet traffic will hurt startups, and it is among a group of companies that will argue this point before the Federal Communications Commission on July 15.

A recent report from the Center for Responsible Lending finds that debt settlement companies frequently fail to settle the bulk of their clients’ debts, leaving them in even weaker financial positions.

Two men who said they ran a payday loan brokerage in Tampa, Fla., have agreed to settle Federal Trade Commission charges that they stole hundreds of thousands of dollars from consumers' bank accounts.

The Consumer Financial Protection Bureau says brokers will have to comply with compensation limits even if they are funding loans via a warehouse line of credit.