Regulation

President Obama is expected to nominate Rep. Mel Watt, D-N.C., on Wednesday to head the Federal Housing Finance Agency, according to sources, a move that is likely to spark a fierce confirmation battle.

The debate over "too big to fail" has attracted unprecedented attention in the last few months from prominent lawmakers, regulators and pundits, but both Sen. Tim Johnson and Rep. Jeb Hensarling, two key players, remain on the sidelines.

Median bank chief executive pay raises slowed from the year before but look healthy compared with stagnant revenues and languishing stock prices.

In an effort to lift compliance burdens on small banks, the Consumer Financial Protection Bureau revised its final rule on international money transfers.

WASHINGTON — The Consumer Financial Protection Bureau is recommending that policymakers implement a nationwide financial education program into grade school as well as standardized tests.

The Consumer Financial Protection Bureau revised its final rule on international money transfers on Tuesday in an effort to lift the compliance burden on small banks.

The debate over whether commercial firms should be allowed to own a bank may be renewed as Dodd-Frank's retailer bank ban is due to expire in July.

Rep. Jeb Hensarling's political action committee hosted a fundraising event in February for numerous banking industry officials, ProPublica reported Tuesday.

The SEC is still working on rules for compensation clawbacks, but some banks have adopted stricter policies in response to pressure from activist shareholders like the New York City comptroller's office.

The European trend to restrain CEO pay is gaining momentum in the U.S. It suggests the double-digit raises that American bank bosses have enjoyed the past few years may not last.