Regulation

The Federal Reserve Board's yearly stress-test exercise will be broadened next year to include 11 more bank holding companies.

Bankers have been seeking more leeway on loan workouts with recent graduates struggling to make their payments. The federal banking agencies responded Thursday, but not in the way the industry had hoped.

Payroll card provider ADP is updating its technology to provide greater visibility into users' financial health at a time when payroll cards face fresh scrutiny over costs to users.

MasterCard Inc., in a conference call today to discuss the European Commission's proposal to cut card fees paid by retailers, says it supports increasing competition but warns the proposed regulation could have unintended consequences.

Sen. Bob Corker, R-Tenn., a co-author of housing finance legislation, urged the House and Senate to pass their bills that offer different replacements for Fannie and Freddie. The bills can be reconciled in negotiations later, he said.

Governments need to consider the advantages of a good bank-bad bank restructuring while loan assets currently have determinable and probably higher values than earlier in the crisis.

Officials with the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corp. and a Maine state regulator said they would look into more stringent disclosure requirements and other measures for payday loan-type products.

New York Private Bank & Trust, the parent company of Emigrant Bank, has fully repaid its Troubled Asset Relief Program funds.

Carol Galante, the commissioner of the Federal Housing Administration, told lawmakers discussing broad reforms to the housing agency that more targeted action is needed in the short term to repair the FHA's reverse mortgage program.

Gayle Manchin has been elected to serve on the board of MVB Financial, the Fairmont, W.Va., bank, it announced Monday. Her husband, Joe Manchin, was West Virginia governor from 2005 through 2010 and is now the state's junior U.S. senator.