Regulation

Scott Alvarez, the Federal Reserve Board's general counsel, told lawmakers that the Fed's use of special Dodd-Frank powers to take apart banks that are a "grave threat" to the economy would likely depend on the circumstances of each situation.

Community bankers sounded more warnings about the Dodd-Frank reform law and proposed Basel III requirements on Tuesday, including how new rules will impact the housing market.

The Consumer Financial Protection Bureau has offered clarifications to the mortgage rules first issued in January.

Sen. Shelby introduced a bill on Tuesday to delay implementation of Basel III while House Financial Services Committee Chairman Jeb Hensarling declared the package of capital and liquidity standards "suspect."

Community banks spent $250 million and more than 8 million hours on regulation implemented during the first quarter, a recent study found.

The Federal Reserve Board on Monday issued a proposal required under the Dodd-Frank Act that would impose a fee on the biggest bank holding companies. The fee will cover expenses related to the regulators' supervisory duties.

Companies that submitted initial resolution plans last year to the Federal Reserve Board and the Federal Deposit Insurance Corp. under Dodd-Frank have been offered more detailed instructions for when they submit their second drafts of their living wills.

WASHINGTON — The Consumer Financial Protection Bureau has proposed slight tweaks to help clarify mortgage rules first issued in January.

Publication of the Fed's loss estimates, required by Dodd-Frank, has banks focused on second-guessing the regulator's model, rather than the hard work of improving enterprise risk management.

Federal Deposit Insurance Corp. Chairman Martin Gruenberg said regulators are homing in on concerns expressed by community banks in discussions on finalizing the capital rule.