Regulation

Legislation proposed by Democratic Sen. Tom Carper and Republican Sen. Roy Blunt could relieve some of the burden that financial institutions currently bear.

Edward DeMarco, the acting director of the Federal Housing Finance Agency, on Tuesday defied both the Obama administration and widespread expectations that he would cave to a torrent of political pressure and allow Fannie Mae and Freddie Mac to offer principal reductions to troubled borrowers.

Visa Europe was sent an antitrust complaint from EU regulators over the fees it charges to process cross-border credit-card payments.

A year after the Fed enacted the Durbin amendment, predictions that swipe fee reform would kill free checking, hurt credit unions and stifle competition have failed to come true.

The modern, neo-Glass-Steagall advocacy has a mystical quality about it, an appeal that proposes to rise above the tough debate over the thorny details and reach back to a mythical time when bank regulation worked so very well.

Dodd-Frank "however good its intentions, has not and will not protect us against another meltdown," writes former senator Ted Kaufman. He's concerned about the growing size of big banks and what he views as fatal flaws in living wills. Want to really protect against another meltdown? Add that Kaufman-Brown amendment to the legistlation.

The FDIC's original blanket coverage for transaction accounts allowed institutions to opt out or pay extra fees to participate. But industry groups say extending Dodd-Frank's version of the coverage, which eliminated fees and made participation compulsory, is the only way to go.

WASHINGTON — The Federal Reserve Board approved a final rule on debit card interchange fees to make an adjustment for fraud-prevention costs.

The Federal Reserve Board approved a final rule on debit card interchange fees to make an adjustment for fraud-prevention costs.

The South Carolina Republican is trying to force a vote on whether to repeal Dodd-Frank by holding up two measures that are priorities for the banking industry.