Regulation

Anti-secrecy website WikiLeaks can again accept credit card donations after Valitor hf, the Icelandic partner of MasterCard Inc. and Visa Europe Ltd., began processing payments after losing a court case.

Fannie Mae will pay the Treasury Department $59.4 billion after reporting a record quarterly profit driven by rising home prices and declining delinquencies.

The Consumer Financial Protection Bureau is pushing for private student lenders and the government to help lower payments for borrowers after receiving thousands of complaints from consumers.

The Dodd-Frank Act's ban on pure commercial ownership of industrial loan companies is set to expire in July. American Banker editors discuss the pros and cons of allowing a commercial enterprise like Wal-Mart into the banking business at a time when the previous argument against doing so has been turned on its head.

Jim Bullard, the president of the Federal Reserve Bank of St. Louis, is better known for his monetary policy positions, but he is joining the chorus of policymakers that argue the big banks need to be broken up.

According to a paper released by the American Enterprise Institute, the Dodd-Frank Act, which was originally designed to focus solely on the largest financial institutions, will hurt small banks as well.

The Consumer Financial Protection Bureau filed a complaint Tuesday in New York's federal district court alleging that Mission Settlement Agency of New York and Premier Consultant Group LLC in New Jersey charged more than a thousand consumers millions of dollars in unnecessary, upfront fees.

The House Financial Services Committee passed nine bills on Tuesday with provisions that would make key changes to Title VII of the Dodd-Frank Act.

Chief Executive Brian Moynihan faced angry comments from more than 30 shareholders, but most criticized the company's financing of the coal industry, not its mortgage servicing or foreclosure practices.

Sen. Elizabeth Warren, D-Mass., introduced a bill Wednesday that would temporarily allow students eligible for federally subsidized Stafford loans to borrow at the same interest rate that the largest institutions receive through the Federal Reserve discount window.