Regulation

JPMorgan Chase (JPM) was accused in a lawsuit of manipulating clients' foreign-exchange transactions for its own benefit.

Programs to strengthen bank liquidity, facilitate credit and buy mortgages were good moves, though it is hard to say how much worse things would have been in their absence, Federal Reserve Board Chairman Ben Bernanke said at the Jackson Hole summit.

A small number of alternative financial services providers would be permitted to operate nationwide and on the Internet without adequate policing of their products for underserved consumers.

An excessively-leveraged banking system increases the risk that a crisis in one country will spread to another, according to a paper presented at a Federal Reserve conference in Jackson Hole, Wyoming.

Banks and the GOP, mortgage relief and more.

Dodd-Frank, aimed at restoring confidence in the so-called Wall Street banks, had a devastating effect on Main Street banks, and is now threatening their long-established role as the backbone of the American Dream.

The Consumer Financial Protection Bureau appointed Kelly Thompson Cochran as acting assistant director for regulations. She’ll be filling the shoes of Leonard Chanin, who is returning to Morrison & Foerster.

In interviews at their convention in Tampa, Republican lawmakers downplayed the chances of a full repeal of Dodd-Frank, but instead said that reining in the new consumer agency and paring back derivatives rules would be goals in 2013.

Credit unions are giddy about a new NCUA rule that says advanced video terminals can be counted as full-fledged service facilities, providing a new way to compete with banks by attracting members in underserved areas.

A number of de novo banks, or those that are seven years old or younger, are facing long delays from regulators when it comes to amending their business plans to allow for bigger growth targets.