Regulation

The Federal Deposit Insurance Corp. is seeking $6.3 million in damages from three former directors of the failed Progress Bank of Florida in Tampa.

People without an extensive derivatives background can learn about the nuances of these financial contracts. Massad's law degree, stint as Tarp adviser and global professional experience will help him achieve the CFTC's mission of derivatives reform.

Beleaguered bank JPMorgan Chase (JPM) shot itself in the foot with its own Twitter hashtag on Wednesday afternoon, demonstrating the many potential pitfalls for banks and other big corporations that try to harness Twitter for their own purposes.

WASHINGTON — Janet Yellen, the president's nominee to head the Federal Reserve Board, pledged Wednesday to continue to use supervisory tools at the central bank's disposal to minimize the chance of another crisis.

The U.S. Department of Housing and Urban Development for the first time failed to sell some of the soured mortgages it's auctioning off in the wake of the housing crisis, according to four people with knowledge of the results.

The former president and chief executive of a failed bank in Savannah, Ga., has pleaded guilty to a conspiracy charge in a loan-fraud scheme.

Credit unions are paying more for talent and getting more aggressive in lending, as bankers start to doubt whether policymakers will ever strip their foes' tax exemption.

A West Virginia woman's estate that allegedly was harassed by a collection agency has filed a lawsuit in the West Virginia Circuit Court of Mercer County.

While much of the banking world will be watching closely Thursday to divine hints of Janet Yellen's views on the progress of regulatory reform and the need for further action, the nominee for chairman of the Federal Reserve Board is likely to offer few clues. Here's why.

The Consumer Financial Protection Bureau plans to hold a field hearing Thursday on the concerns about how the agency is regulating indirect auto lenders.