Regulation

WASHINGTON - State regulators in Florida closed the $25 million-asset Bank of Jackson County, located in Graceville, the 23rd institution to fail this year.

The House passed the Swaps Regulatory Improvement Act that would reduce the restrictions under section 716 of the reform law, which required banks to spin off risky swaps out of depository institutions to subsidiaries and affiliates. The measure passed the chamber by a bipartisan vote of 292-122, including 70 Democrats.

WASHINGTON — The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency on Wednesday officially signed off on a joint proposal with the Federal Reserve Board that would implement new liquidity risk standards for large banks.

JPMorgan Chase’s reported attempt to get the FDIC to pay part of its settlement with the government is yet another chapter in a long-running dispute over the 2008 resolution of Washington Mutual.

Rep. Mel Watt, D-N.C., faces an uphill confirmation battle this week to head the Federal Housing Finance Agency, but it's unlikely to be the end of that war.

WASHINGTON — Federal policymakers on Wednesday agreed to postpone unwinding their current bond buying program until amassing further evidence of a strengthened economic recovery.

As Washington continues to recover from the recent government shutdown and debt ceiling fight, the Senate Banking Committee is trying to reignite momentum on housing finance reform. The panel is holding two hearings this week while outside groups conduct roundtables on various proposals for government-sponsored enterprise reform. Following are the five largest questions that have to be resolved.

Community banks have a proportionate disadvantage to taxpayer-subsidized megabanks as the crushing burden of regulation meant to stop the abuses of Wall Street rain down excessively on Main Street.

Western Union Co., the world's biggest money-transfer business, tumbled as much as 13 percent after reporting a drop in third-quarter profit and plans to increase expenses tied to regulatory compliance.

A bipartisan coalition of lawmakers in the House and Senate has forged a deal to delay flood insurance premium increases that went into effect earlier this month.