Regulation

The biggest U.S. banks and insurance companies would have to pay a quarterly 3.5 basis-point tax on assets exceeding $500 billion under a plan to be unveiled this week by Congress's top Republican tax writer.

Foundation Bancorp (FDNB) in Bellevue, Wash., has been released from an enforcement action issued by the Federal Deposit Insurance Corp. and state regulators.

WASHINGTON — The Federal Reserve Board will release the results of the latest round of stress testing exercises of the largest U.S. banks next month, the agency said Tuesday.

Private issuers need certainty to create a new secondary mortgage market, MBA and SIFMA officials say.

Recently released transcripts of Federal Reserve meetings during the last financial crisis reflect how blind policymakers remained to what was unfolding even at its peak. That suggests the Financial Stability Oversight Council’s efforts to sound an early warning next time around are reminiscent of Charlie Brown hoping Lucy won’t pull away the football.

Federal Reserve Board Gov. Daniel Tarullo endorsed supervisors developing so-called "time-varying policies" that would help to address procyclicality, a key contributor to systemic risk.

Risk is like water, seeking the path of least resistance. If the path is narrowed, risk does not necessarily evaporate, as regulators wish, but often focuses as a more concentrated force. Accepting this alternative concept of risk has far-reaching policy consequences.

Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig said governments should require "subsidiarization," a step that would have significant implications for how the FDIC unwinds failed giants.

Bankers and retailers rehash recent data breaches at Senate hearings, as new legislation is pondered.

The Consumer Financial Protection Bureau levied a $83,000 civil money penalty on Monday against Connecticut-based First Alliance Lending, a specialty firm that focuses on providing loss-mitigation financing to distressed borrowers.