Regulation

American Banker and Federal Financial Analytics are holding a joint forum with Sens. Vitter and Brown to discuss their bill to rein in the big banks and whether some institutions are "too big to fail."

U.S. Bancorp (USB) is about to add a service for Somali immigrants in the U.S.

WASHINGTON — Rep. Keith Ellison, D-Minn., introduced a bill Wednesday that would establish a tax on the trading of stocks and other financial products.

Democratic lawmakers raised numerous concerns Wednesday over the mortgage servicer settlement announced in January, including how banks are credited for relief they provide to borrowers.

Scott Alvarez, the Federal Reserve Board's general counsel, told lawmakers that the Fed is unlikely to issue clear standards on when it would use Dodd-Frank to take apart big banks that pose a "grave threat" to the economy, each situation would have its own circumstances.

Roughly 91% of the mortgages Bank of America funded in the first quarter were refinances — spelling peril if the refi boom peters out, as is expected.

Demand for credit by consumers and businesses continued to show signs of gradual improvement as homeowners looked to refinance their homes and buy new cars, according to a survey released by the Federal Reserve Board on Wednesday.

Taking on the size of firms that put our financial system at risk is the only way to eliminate unfair competitive advantages, unleash free markets and allow community banks to thrive.

In a speech before the American Bankers Association, Sen. Jon Tester vowed he would hold Fannie Mae and Freddie Mac accountable and ensure a level playing field to the secondary market for community banks.

Visa Europe is adding multi-currency support and “immediate payments” to its mobile services in Europe.