Regulation

WASHINGTON — Former Federal Deposit Insurance Corp. Chairman Sheila Bair will serve on the board of the RAND Corp. starting in April, the nonprofit research organization announced Tuesday.

Here's who has the potential to shake up the debates over housing finance reform, "too big to fail," consumer regulation and other key banking issues in the new year.

American Express is being sued by a West Virginia woman for allegedly engaging in improper debt collection methods.

Bankers are spending so much time complying with new regulations that they're in danger of giving short shrift to actual risk management, says Ingmar Bromstrup, a Principal at The Boston Consulting Group.

A plan to inject $50 million into U.S. Century Bank has reportedly been called off, leaving the undercapitalized Doral, Fla., bank in limbo.

Manhattan U.S. Attorney Preet Bharara on Tuesday defended his decision not to prosecute JPMorgan Chase for allegedly facilitating Bernie Madoff's Ponzi scheme, calling a deferred-prosecution agreement and monetary penalty an "appropriate" resolution of the bank's alleged failings.

The Consumer Financial Protection Bureau could consider expanding exemptions for small lenders from its qualified mortgage rule after it goes into effect on Friday, according to Richard Cordray, the agency's director.

Despite the risks, lenders have calculated that certain loans that fall outside of QM are worth making and holding on their balance sheets.

Lawmakers are gearing up to intervene if regulators fail to resolve ongoing concerns about the treatment of collateralized debt obligations backed by trust-preferred securities under the Volcker Rule.

The Federal Reserve Board has terminated enforcement actions with Cornerstone Holding Co. in Fargo, N.D., and Commerce Bancshares in Catoosa, Okla.