Regulation

A former chairman of the failed Premier Bank in Wilmette, Ill., has been charged with fraud in what prosecutors say is the first criminal case tied to the Troubled Asset Relief Program.

Bank of America was sued by the Justice Department over allegations that it lied to investors about the riskiness of the loans backing a 2008 mortgage deal.

Abby McCloskey, program director of Economic Policy at the American Enterprise Institute, believes what defines a bank as a systemically important financial institution should be reexamined.

The Federal Reserve Board has terminated an enforcement action against Belt Valley Bank in Belt, Mont.

The Federal Deposit Insurance Corp.'s online training for community bankers now includes an eight-video module on how institutions can manage their exposure to fluctuating rates.

The Consumer Financial Protection Bureau posted a blog Monday stating that there are more than 7 million borrowers in default on federal of private student loans.

The promising Senate bill needs to do more to ensure an affordable market for multifamily mortgages, aid historically underserved borrowers and protect struggling homeowners.

Removing the arbitrary size designation for bank SIFIs would reduce costly regulation for regionals, encourage industrywide competition and concentrate regulators' efforts on firms that actually warrant attention.

President Obama will urge lawmakers on Tuesday to pursue a bipartisan housing finance reform plan that will protect American middle-class families and put an end to future taxpayer bailouts.

WASHINGTON — There are more than 7 million borrowers in default on federal or private student loans, according to the Consumer Financial Protection Bureau.