Regulation

WASHINGTON — The Financial Stability Oversight Council on Tuesday met in a closed session to discuss short-term wholesale funding reform.

In the face of continuing criticism of the Financial Stability Oversight Council, Treasury Secretary Jack Lew said the special risk oversight panel must be allowed to do its job.

Wholesale lenders are capping broker compensation at 2.75%, below the CFPB's 3%, adding another "overlay" above and beyond regulatory requirements. Some say borrowers are being shut out as a result.

In widely anticipated legislation on Bitcoin, Canada is regulating digital currency businesses under existing rules for money movement and California is updating its laws to legalize the use of alternative currencies.

Mortgage-bond investors are urging the government to stop banks from saddling them with the costs of probes into sales of the debt.

In widely anticipated legislation on Bitcoin, Canada is regulating digital currency businesses under existing rules for money movement and California is updating its laws to legalize the use of alternative currencies.

WASHINGTON — The Federal Reserve Board said Tuesday it will give four large banking firms, including Citigroup, more than six additional months to resubmit capital plans as part of stress test requirements overseen by the central bank.

On one hand, bills supporting deregulation are garnering legislative support. On the other, a number of high-profile members of Congress have spoken out in favor of stricter rule enforcement and prosecution.

U.S. Attorney General Eric Holder today warned banks and other financial institutions to stop helping scam artists defraud consumers.

House Majority Leader Eric Cantor's loss to an unknown Tea Party challenger sheds new light on the deep divisions in the Republican Party, which is ultimately likely to have a large impact on the debate over financial policy.