Regulation

The State National Bank of Big Spring in Texas is leading a lawsuit against the Consumer Financial Protection Bureau, becoming the first known community bank to file a lawsuit against the agency.

The question has been hanging: Which bank will be the first to put the Consumer Financial Protection Bureau to a legal test? Finally, we have an answer.

The risky practices at and implicit taxpayer guarantee for systemically dangerous megabanks are driving consumers to community-based banks.

Financial regulators Thursday said they are prepared to take action against banks and other mortgage servicers that don't give the proper help to military homeowners forced to move to a new duty location

For a company with such a good risk management reputation, JPMorgan Chase appears to have made some fairly fundamental mistakes regarding risk in its chief investment office, notes editor-at-large Barbara A. Rehm.

Freddie Mac raised its estimate for 2012 originations to $1.45 trillion in its latest economic and housing market outlook, citing lower expected 30-year rates. Freddie previously had forecast that 2012 would end with a total of just $1.3 trillion in originations.

JPMorgan Chase has decided to step on the bandwagon of megalenders refusing to participate in FHA "streamline" refinancings that are outside of their current servicing portfolios.

Fed Chairman Ben Bernanke suggested that the Volcker Rule to ban proprietary trading would have helped to prevent the $2 billion credit loss at JPMorgan.

Despite calls by industry trade groups to slow down, the consumer bureau said Wednesday that it will release a consolidated disclosure form by its July 21 deadline.

Following Dodd-Frank mandate, the OCC broadens the applicability for limits on an exposure to one person, and streamlines how limits apply to banks and thrifts.