Regulation

Tougher restrictions on job duties, zero tolerance from senior management and compensation structured around long-term incentives, among other things, will prevent the wrong people ending up in banking for the wrong reasons.

The House Financial Services chairman mocked his height and the partisan nature of the housing finance debate, while referencing everything from football great Johnny Manziel to McDonald's hamburgers.

Pacific City Financial (PFCF) in Los Angeles redeemed more than half the preferred stock it issued to the Treasury Department under the Troubled Asset Relief Program.

The two lenders are the largest issuers of deferred-interest credit cards and would be most affected by a CFPB crackdown on the product, a new report suggests.

Rather than simply continuing to absorb the losses from account takeover attacks, institutions should be reevaluating the effectiveness of their authentication methods and increase security to better prevent fraud.

Senate Majority Leader Harry Reid has finally made good on longstanding threats to alter chamber rules on executive nominations, likely paving the way for controversial White House nominees to win confirmation — including Rep. Mel Watt to head the Federal Housing Finance Agency.

The House Financial Services Committee passed six bills on Thursday that would change several aspects of the Consumer Financial Protection Bureau.

Industry representatives say the Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency's guidance puts the future of deposit advance in doubt, while regulators say they are simply urging better underwriting and risk management.

The House Financial Services Committee passed six bills on Thursday to alter various aspects of the Consumer Financial Protection Bureau.

Tim Howard, dismissed with former CEO Franklin Raines in late 2004, claims in a new book, "The Mortgage Wars," that the GSE was quite healthy — but was the victim of vicious attacks by a banking lobbyist group and regulators.