Regulation

Senate Banking Committee chairman raises concerns about growing scandal and says lawmakers may question top U.S. officials on the matter later this month.

Fifth Third Bancorp (FITB) said that it will use available cash to redeem $862.5 million in outstanding trust-preferred securities next month.

"Isn't it true that there has never been a major crisis that resulted from excessive exposures to what was considered risky, and that these have always resulted from excessive exposures to what was perceived as not risky?"

The Consumer Financial Protection Bureau has made two significant decisions for examinations: to hire a large portion of examiners from outside of the other federal financial regulatory agencies and to bring lawyers along at the beginning.

Legal Helpers Debt Resolution LLC, a Chicago-based law firm, has settled a lawsuit filed in early 2011 by Illinois Attorney General Lisa Madigan. The suit alleged that Legal Helpers unlawfully charged consumers upfront fees to provide debt settlement services.

In a Q&A on the eve of the CFPB's first anniversary, Director Richard Cordray explains why consumer complaints should be publicly released, and why the pending qualified mortgage plan needs more time.

Impending rules on how banks must handle certain transactions is one of the main factors prompting JPMorgan to combine units. Parts of the company handling securities, derivatives and back-end support started functioning as one group on Friday.

The Consumer Financial Protection Bureau took two major steps toward reshaping the nation's residential mortgage market Monday, proposing revised mortgage disclosure requirements as well as stricter limits on high-cost loans.

Maurice "Hank" Greenberg, the former chief executive officer of American International Group Inc., said it is "outrageous" that lawmakers demanded JPMorgan Chase & Co. CEO Jamie Dimon testify about trading losses.

Loans made through the Small Business Lending Fund continued their climb in the first quarter, rising by $433 million compared with the fourth quarter of 2011, the Treasury Department said.