Regulation

Reps. Maxine Waters, Carolyn Maloney and 44 other lawmakers introduced a bill Wednesday to address numerous concerns about overdraft fees.

The House Agriculture Committee passed a bill by unanimous voice vote on Wednesday to address ongoing concerns with the implementation of certain derivatives rules under the Dodd-Frank reform law.

Regulators are scrutinizing national banks' online and offshore relationships with payday lenders, Comptroller of the Currency Thomas Curry said Wednesday.

Cathay General Bancorp (CATY) in Los Angeles has repaid half the money it received through the Troubled Asset Relief Program.

Federal Reserve Board Chairman Ben Bernanke on Wednesday said regulators would take additional steps to eliminate the problem of "too big to fail" if current efforts fall short.

Members of the House Financial Services Committee raised concerns Wednesday about the current business environment for small banks, pressing regulators about the lack of bank charters in recent years and the effect of new rules on the industry.

Regulators and academics are starting to look at low volatility as an integral part of the buildup toward financial meltdowns.

Richard Cordray, director of the Consumer Financial Protection Bureau, addressed the issue of consumers' lack of choice in a speech last month.

FDIC Vice Chairman Thomas Hoenig reiterated his hope Wednesday for a big-bank breakup, and said ending the Transaction Account Guarantee program did not result in significant deposit transfers.

A former host of a Los Angeles-area radio show has been sentenced to 10 years in federal prison for running a scheme to defraud investors of millions dollars — including false statements to banks that received federal bailout funds.