Regulation

Merchants are expressing concern about the U.S. transition to EMV-chip payment cards because of what they view as technical challenges and industry politics.

Former Rep. Barney Frank, who served as chairman of the House Financial Services Committee from 2007 to 2011, was presented Tuesday evening with an official portrait that will hang in the Rayburn committee room.

The Consumer Financial Protection Bureau finalized a rule Wednesday that expands its supervisory authority to begin selectively examining nonbank entities.

Sheila Bair, the former Federal Deposit Insurance Corp. chairman, urged Senate leaders to confirm Richard Cordray as director of the Consumer Financial Protection Bureau at New York's Bryant Park Tuesday.

The House Financial Services Committee wrestled with concerns over "too big to fail" on Wednesday, pressing current and former regulators, including Richard Fisher and Sheila Bair, on how the Dodd-Frank Act could be improved to prevent future bank bailouts.

Issuers are adding another layer of protection at a time when lawmakers are examining how to wind down Fannie Mae and Freddie Mac and bring private capital back into the mortgage market.

Various loan types have been yielding fatter margins over banks’ cost of funds through much of the Fed’s campaign to stimulate the economy. Blame banks' tight overall margins on cash and securities.

Sheila Bair said Tuesday that the Senate should confirm Richard Cordray as director of the Consumer Financial Protection Bureau.

Bankers and companies including JPMorgan Chase and Citigroup praised landmark Supreme Court decisions that expanded federal benefits and struck down some restrictions on same-sex marriage.

The Consumer Financial Protection Bureau on Tuesday advised banks and other financial companies how to respond to an investigation to minimize the risk of punishment.