Regulation

Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va., emphasized the bipartisan compromises the two have made in crafting their proposed overhaul of the mortgage finance system.

The Senate's approval of Richard Cordray's nomination to lead the Consumer Financial Protection Bureau is likely to end the Republicans' push for a change to the bureau's structure.

Banks and payment card providers would face caps on the transaction fees they can demand from retailers under European Union plans to rein in charges that have been attacked by regulators as anticompetitive.

Sen. Elizabeth Warren, architect and founder of the Consumer Financial Protection Bureau, says agency is "the law of the land, and … here to stay."

The Senate's approval of Richard Cordray's nomination to run the Consumer Financial Protection Bureau likely puts an end to another crucial fight over the bureau's structure and its ability to impose far-reaching regulations on the industry.

For the past two weeks, Visa, MasterCard and Discover have been meeting with each other and with regional debit networks to hammer out the business agreements necessary to route debit transactions on EMV-chip cards in the U.S.

A lawsuit against Credit Management Services, a Grand Island, Neb. collection agency, can continue as a class action that might include as many as 27,000 eligible Nebraskans, U.S. District Judge Joseph F. Bataillon has ruled.

The Senate's approval of Richard Cordray's nomination to run the Consumer Financial Protection Bureau does more than give the agency a permanent director: it also removes Republicans' biggest bargaining chip in their longstanding push to force key structural changes at the agency.

Herb Allison, who died Sunday, turned out to have far more in common with his critics than seemed possible during the heat of the financial crisis.

An encompassing denominator and full disclosure requirements should assuage concerns that Basel fails to go far enough to cushion banks for unexpected losses.