Regulation

San Diego has joined a growing list of major cities requiring banks to provide detailed data to show that they are adequately serving low- and moderate-income consumers.

The Consumer Financial Protection Bureau issued its second enforcement action on Monday, hitting Discover with a $200 million fine. Observers said it was clear violations will carry a steep price tag.

Adequate communication, data retention, requests for approval and, ultimately, cooperation can minimize a company's risk of being investigated by the CFPB or state attorney general's office.

The SEC has lost many rulings in the U.S. Court of Appeals for the District of Columbia, often hinging on cost-benefit analysis issues. New York Times columnist Floyd Norris is concerned about the vacancies on this court and warns it is poised to doom the SEC's implementation of Dodd-Frank.

The money will be used for housing counseling and legal services programs that were scheduled to lose state funding this year.

Regulators released a calculator Monday that is designed to help community bankers project how much capital they will need to hold under Basel III.

A group of state attorneys general is looking at the possibility that banks have sold credit card accounts to debt collection firms that were supported by inaccurate and robo-signed documents.

It's in consultants' best interests to extend the foreclosure review engagements as long as possible without coming up with an estimate for each servicer of its total liability to borrowers.

Former Federal Deposit Insurance Corp. Chairman Sheila Bair was always known for speaking her mind, even when she ran the agency from 2006 to 2011. But in her new book Bull by the Horns," an excerpt of which was featured on Fortune last week, Bair offers a very candid commentary about what she actually thought of the executives running the nation's largest banks during the financial crisis. Following is a small sampling of those views, based on the excerpt, which detailed the fateful meeting in 2008 when the Treasury Department forced the largest banks to accept $25 billion in capital.

Discover Financial Services has agreed to refund hundreds of millions of dollars to settle a regulatory probe of its credit card marketing practices.