Regulation

JPMorgan Chase Chief Executive Officer Jamie Dimon overhauled leadership of the bank's regulatory matters this year as U.S. examiners said they had lost trust in management, the Wall Street Journal reported.

WASHINGTON — The Consumer Financial Protection Bureau warned banks and other companies that it will pursue action against any employer that forces employees to deposit wages into a payroll card account.

Lawmakers blasted the Consumer Financial Protection Bureau on Thursday, claiming it had failed to respond to their questions about its data gathering activities.

The top leaders of the Senate Banking Committee said Thursday that they intend to reach a bipartisan agreement by yearend on a bill to revamp the mortgage finance system despite fears that the issue is losing momentum.

The Treasury Department plans to auction nearly $118 million of shares in six lenders as it continues to wind down the Troubled Asset Relief Program.

Sen. Elizabeth Warren continued her drive to end "too big to fail" in a speech on Thursday, arguing lawmakers shouldn't wait until regulators have fully implemented the Dodd-Frank Act before taking action.

Regulators sought to reassure bankers about new mortgage rules at a conference in North Carolina this week, but remarks from all sides about pitfalls and policy mistakes fed the tension.

With the general push for more capital, liquidity, regulatory knowledge, and tools, the financial sector is safer and more competitive.

Payments technology company TIS will work with SAP to streamline Single Euro Payments Area [SEPA] compliance.

Through bitter experience, bond purchasers learned about the moral hazard embedded in private residential mortgage-backed securities and their grossly inadequate legal protections.