Regulation

The Consumer Financial Protection Bureau and the Justice Department announced last week that they are investigating PNC Financial Services' mortgage lending. The probe into the Pittsburgh-based bank's mortgage pricing is causing some to worry that regulators are preparing to investigate other large banks for alleged loan discrimination.

Rep. Jeb Hensarling, chairman of the House Financial Services Committee, said Tuesday that he remains hopeful the House will take a vote this fall to reform the mortgage finance market and move toward a conference with the Senate, despite ongoing policy disagreements.

A probe into PNC Financial Services' mortgage lending is stoking fears that regulators are preparing to crack down on other large banks for alleged loan discrimination ahead of a Supreme Court case that might curb the use of the controversial "disparate impact" theory.

For fans of stress-testing, the IMF has a new primer on what it takes to make one credible.

The Securities and Exchange Commission has closed an investigation of Suffolk Bancorp (SUBK) in Riverhead, N.Y.

As they push to have over-the-counter derivatives cleared with central counterparties, regulators must not let these clearing houses become systemic risks themselves.

The brouhaha over a court ruling that debit card fee caps be lowered overshadowed another problem for banks: the decision could also enable merchants to play card networks against one another on signature debit transactions.

I applaud the government's efforts to weed out bad actors, but I'm deeply concerned about the unintended consequences this could have on much needed financial services for underbanked people.

Michael Andrew Collier, a fully disabled veteran, has voluntarily withdrawn his lawsuit against a law firm he alleged told him he "should have died" rather than collect disability payments, according to federal court documents.

Bruno Iksil, the former JPMorgan Chase trader whose bets caused more than $6.2 billion in losses last year, is now central to any U.S. charges against his former colleagues.