Regulation

Three state attorneys general have joined a lawsuit against the Dodd-Frank Act, arguing that provisions that grant federal regulators the ability to seize and wind down troubled banking companies are unconstitutional.

The selection of Tim Pawlenty as the Financial Services Roundtable's new CEO was a shock to those inside and outside Washington. We answer frequently asked questions about why he was chosen and what it means for the Roundtable — and the industry.

The Alabama lender says it intends to lower fees and relax repayment terms in response to customer feedback, not criticism from consumer groups.

The House Ethics Committee will on Friday hold a public meeting on Rep. Maxine Waters, who is under investigation for allegedly helping a Boston-based bank get bailout money during the crisis.

The Federal Reserve Board has terminated written agreements with Capital Community Bancorp. in Provo, Utah, and Coconut Grove Bank in Miami.

Personal motivations aside, many felt the hire made sense for the Financial Services Roundtable since it fortifies the trade group's relationship with Congress. What impact do you think Pawlenty is likely to have on banking policy?

Tim Pawlenty is hardly the first prominent politician to turn into a bank lobbyist. Indeed, there's a long line of them.

WASHINGTON — Comptroller of the Currency Tom Curry defended the use of on-site examiners as part of the agency's supervision program in a speech to the Financial Services Roundtable on Thursday.

Richard Cordray, the director of the Consumer Financial Protection Bureau Director, suggested that lenders should not be overly concerned about potential legal liability for making so-called "qualified mortgages."

Former Minnesota Gov. Tim Pawlenty, the incoming head of the Financial Services Roundtable and outgoing co-chair of the Romney campaign says the Dodd-Frank Act needs "refining." He also says banks should "stop doing stupid things."