Regulation

The Treasury said Thursday that it should gross about $23.8 million from auctioning stakes in seven participants in the Troubled Asset Relief Program. The expected proceeds would represent a 9% discount from the nearly $26 million that the government originally invested in those banks.

This platform will need to be enterprise-level to ensure consistency in the application of economic scenarios, model use and reporting.

The Office of the Comptroller of the Currency recently graded the 19 largest banks on five factors designed to gauge how well they are being run. The results are shocking.

Consumers disputed up to 38 million items on their consumer credit reports last year at the three largest consumer reporting agencies, according to a report released Thursday by the Consumer Financial Protection Bureau.

Federal Reserve Board Chairman Ben Bernanke said Wednesday that regulators are nearing completion of a contentious rule that will ban proprietary trading at U.S. firms.

The House passed a bill by voice vote Wednesday that would exempt banks from sending out privacy notices to customers if the disclosures haven't changed from the prior year.

The House Financial Services Committee had tough questions for the Commodity Futures Trading Commission on Wednesday over its implementation of derivatives provisions laid out in the Dodd-Frank reform law.

Six Federal Home Loan banks have dramatically increased home loan purchases from their members and are selling the loans to Fannie Mae, filling the gap created when large aggregators like Bank of America exited the correspondent business.

The government's recent efforts to stimulate the economy are driving up prices for MBS, creating the potential of interest rate risk for banks that are struggling to make loans.

Outspoken CEO, undeterred by recent setbacks, defends the industry's right to confront Washington, denies 'whale' losses prompted exec shuffle, dismisses chatter that he's headed to Treasury.