Regulation

D.C. District Court Judge Richard Leon pressed retailers and the Fed on the design and effect of the agency's rule capping interchange fees during oral arguments on Tuesday, but gave little indication of how he would decide the case.

Banks with less than $10 billion in assets are exempt from clearing and exchange trading requirements, but as derivative users they will have to post margin, keep records and amend documents.

Tuesday was the deadline for the nation's five largest mortgage servicers to implement 304 agreed-upon standards. Consumer advocates expressed skepticism that the companies have reached that goal.

Nationstar Mortgage went from private equity flop to a top servicer of troubled loans, thanks to deft management and a Fannie Mae partnership once hidden even from parts of the government.

After the filing of a civil complaint alleging fraud in Bear Stearns' mortgage-backed securities operation, New York Attorney General Eric Schneiderman says he expects more cases to come.

Consumer litigation against collection agencies and creditors fell across the board in the Sept. 1-15 period compared to the previous half month, according to data pulled from U.S. district courts.

Intended to bring together the entire universe of U.S. financial regulators in the hope that doing so would identify and forestall new risks to the financial system, the FSOC, two years in, has not identified much and can therefore be credited with little forestalling, writes the ABA's Wayne Abernathy

Banks with at least $10 billion of assets saw their share of deposits increase to 74.4% at midyear from 72.4% a year earlier, the FDIC said Tuesday in its annual Summary of Deposits. Also, the number of U.S. branches and thrifts shrunk.

Matt Williams, incoming chairman of the American Bankers Association, says banks can rebound by drawing on lessons from past crises, updating business models and hiring a new generation of bankers.

American International Group said the Financial Stability Oversight Council told the insurer it's under consideration to be labeled a potential risk to the financial system.