Regulation

An appeals court on Wednesday voided a controversial decision in 2011 by New York Judge Jed S. Rakoff, saying he erred in scuttling a $325 million settlement between the Securities and Exchange Commission and Citigroup (NYSE: C).

The Senate approved a bill Tuesday night that would ease capital standards for insurance companies under the Dodd-Frank Act.

Californians picked Republican Neel Kashkari, a political newcomer who ran the federal bailout of the U.S. banking system, to challenge incumbent Democrat Jerry Brown for governor in November.

After a six-month wait, the Senate yesterday confirmed Timothy Massad to serve as chairman of the Commodity Futures Trading Commission as lawmakers moved to bring the derivatives regulator to a full roster by signing off on two additional nominees.

The Senate Banking Committee approved legislation Tuesday to extend the Terrorism Risk Insurance Act, a program due to expire at yearend. It also considered making a legislative fix to the Dodd-Frank Act. Here's what happens next.

Subprime auto lender Consumer Portfolio Services has agreed to pay more than $5.5 million to settle government allegations that it used illegal tactics in the servicing and collection of loans.

Bitcoin entrepreneur Erik Voorhees will pay more than $50,000 to settle charges by the Securities and Exchange Commission that he failed to register a stock offering.

The Senate Banking Committee approved a bill Tuesday to reauthorize the Terrorism Risk Insurance Act for seven years.

Bank revenues from underwriting leveraged loans may decline as regulators step up scrutiny of underwriting standards, according to Keefe, Bruyette & Woods.

Lawmakers are ramping up pressure on the Department of Justice and banking regulators to curtail their efforts under Operation Choke Point, including prepping legislation that would grant institutions a safe harbor in certain circumstances.