Regulation

Former Washington Mutual Chief Executive Officer Kerry Killinger and two other bank officials are in settlement talks with the OCC, the last chapter in the government's probe of the largest U.S. bank failure.

Most systemically important financial institutions are publicly traded, so they’d have to immediately disclose any orders from the Fed to curb systemic risk. Their securities would get hammered. Thus, Fed supervision is a strong incentive to operate safely.

Carolina Premier Bank in Charlotte, N.C., is planning to swap its state charter for a national bank charter and change its name.

The Federal Reserve Board has lifted enforcement actions against Parkway Bancorp in Harwood Heights, Ill., and Peoples Inc. in Lawrence, Kan.

A Volcker Rule limiting investment in securities used primarily for customer transactions to 10% of the firm’s revenue is simple for banks to understand and easy for regulators to enforce.

BTC China, the nation's largest Bitcoin exchange, has had low-level discussions with regulators seeking recognition of the digital currency that would allow it to be used to buy goods and services in the country.

Under a rule released Tuesday, the CFPB will begin examining any nonbank servicer that handles more than one million student loan borrowers — a category that currently includes seven firms and accounts for 70% of the market.

At least three U.S. regulators will meet on Dec. 10 to adopt the final version of the Volcker rule banning banks from making speculative bets with their own money, according to three people familiar with the planning.

Ahead of a conference on Wednesday, the business lobbying group addressed a number of deficiencies it identified in the structure of the Financial Stability Oversight Council, a 10-member voting panel created under the Dodd-Frank Act and headed by Treasury Secretary Jacob Lew.

More than 10 months after agreeing to pay a $10 million penalty to its regulator, TCF Financial (TCB) has officially been released from an enforcement order related to its monitoring of suspicious transactions.