Regulation

Shaun Donovan, secretary of the Department of Housing and Urban Development since the beginning of President Obama's first term, is planning to stay in his job through the second term.

The ill-conceived tax act is in direct conflict with many foreign laws, and would be another hammer blow to America's fragile economy since it would dramatically reduce foreign investments.

Sandra Thompson, The Federal Deposit Insurance Corp.'s supervision chief for the last seven years, is stepping down.

The Federal Deposit Insurance Corp. board of directors approved stricter appraisal requirements for higher-cost mortgages with the release of a final rule on Tuesday. Federal regulators have also expanded the types of loans that will be exempt from the new standards.

Dodd-Frank required mortgages with higher rates to face greater appraisal demands, but regulators have expanded the loans granted exemptions in a new final rule.

A Federal Reserve proposal to tighten regulation of foreign banks in the U.S. would also significantly expand the central bank's oversight of foreign broker-dealers, effectively snatching supervisory responsibility from the Securities and Exchange Commission in the process.

Regulatory changes to the 1099-B, 1099-K and 1042-S forms, intended to help reduce the $450 billion tax gap, will make it much more difficult to avoid penalties and tricky customer service issues.

Presidential inauguration planners have named Amalgamated Bank in New York as their go-to financial institution.

House Democrats have chosen ranking members for the five banking panel subcommittees.

The Consumer Bankers Association is warning banks that they will face challenges booking loans while also competing with nonbanks in areas such as prepaid cards.