Regulation

The former chairman of the Securities Industry Association jumps into the Glass-Steagall debate. But instead of championing the revival of Depression-era law that separated commercial and investment banking, he'd like to revive the SIA’s proposed legislation from the 1990s.

JPMorgan Chase will contribute about $1.2 billion to settle a price-fixing case brought by retailers over credit-card swipe fees.

Visa, and MasterCard have until Oct. 19 to formally request approval of a more than $6 billion settlement to a lawsuit over interchange fees, according to a filing unsealed in Brooklyn, New York, federal court.

In a recent report the Consumer Financial Protection Bureau provided details about its consumer complaint database. In its first year of operation 43% of the complaints the agency has received have been about mortgages and 34% were about credit cards.

New York's financial-services regulator has grounds to shut Standard Chartered in the state even if he accepts the firm's argument that it illegally laundered only a fraction of the $250 billion he claims.

The Consumer Financial Protection Bureau issued a proposal Friday that would require mortgage servicers to provide clear monthly statements, earlier disclosures for interest rate adjustments and options to help borrowers avoid foreclosures and costly force-placed insurance.

Housing activists and other progressives pushed the president Thursday to oust Edward DeMarco and to dedicate more resources to investigating the run-up to the 2008 crisis.

Stories about buyout groups dissolving and heavy-handed regulation make private equity sound like the dog that never barked in banking. But such firms have notched hundreds of deals since the crisis, and the rollup machines they've created are poised to keep going.

Consumer advocates and financial services industry officials clashed Thursday over whether banks and insurers are getting paid fairly in the force-placed insurance market.

The Federal Reserve Board has terminated a written agreement with Coastal Financial that required the Everett, Wash., company to improve asset quality and risk management.