Regulation

Bond investors tell lawmakers of their being shut out of the negotiations and of their reduced trust of the servicing industry.

The Fed on Thursday issued proposals that would raise banks' minimum capital requirement to 7%.

West Virginia Rep. Shelley Moore Capito has asked the Federal Deposit Insurance Corp. to provide Congress with a detailed analysis on the performance of the Transaction Account Guarantee program in order help lawmakers decide to whether or not to extend the four-year-old program when it expires Dec. 31.

In testimony before the Joint Economic Committee of Congress, Fed chairman also highlights lawmakers' role in strengthening U.S. economy.

Debate is heating up on the question of whether a nonworking spouse who relies on "household income" can qualify for a credit card account.

Comptroller Tom Curry faced a barrage of criticism over how JPMorgan Chase lost $2 billion under the OCC's nose. The hearing threw into turmoil the roles typically played by Democrats and Republicans and raised new questions about the Volcker Rule.

More banks and business owners would tap the U.S. Small Business Administration's loan guarantee programs if the SBA would streamline the application process, M&T Bank (MTB) Chairman and Chief Executive Robert Wilmers said Thursday.

Federal prosecutors Wednesday accused Washington D.C. Council chairman Kwame R. Brown with mortgage fraud, saying he lied on his home mortgage application as part of a scheme to buy a $50,000 power boat.

The nation's mega servicers are increasing their use of principal reductions in modifying loans as they fulfill obligations under the $25 billion robo-signing settlement with the state attorneys general and federal agencies, according to new figures released by the Treasury Department.

The Atlanta bank, which was forced to retreat from a $5 debit-card fee in the fall, is making it more difficult for some customers to qualify for free checking.