Regulation

A U.S. Bankruptcy Court judge in Erie, Pa. refused to dismiss a complaint filed by the Pennsylvania Attorney General's Office against Michael J. Covatto, the former president of Unicredit America Inc., a now-defunct debt collection agency.

With Dodd-Frank and a sluggish economy as background, M&A experts met in New York earlier this week and shared insights into the future of bank deal-making.

Plans to unify mortgage securities issued by Fannie Mae and Freddie Mac have been top of mind at several events this month, as the mortgage industry works to jumpstart the securities market in the wake of the financial crisis.

Everyone in Washington is talking about JPMorgan Chase's botched hedge. Everyone, that is, but the federal regulators in the Office of the Comptroller of the Currency who actually know what's going on.

If JPMorgan Chase's trading blowup raised worries about booby traps at other financial giants, it might be comforting to know that its securities portfolio is more complex — and perhaps trickier to hedge — than those of rival megabanks.

Dodd-Frank establishes U.S. financial stability as a critical hurdle for regulators to evaluate before approving future mergers and acquisitions.

The Financial Industry Regulatory Authority on Tuesday fined Citigroup Global Markets Inc. $3.5 million in a settlement related to charges of nonconforming residential mortgage-backed securities violations that Citi neither admitted to nor denied.

Bank of America will buy back $330 million of home mortgages from Freddie Mac because the bank did not get full appraisals on some properties, raising concerns that some newly originated loans are not meeting underwriting guidelines.

The Federal Reserve Board has posted a video reminding borrowers that they may be eligible for compensation if they were harmed by the foreclosure process in 2009 or 2010.

The Federal Reserve has ordered Britton & Koontz Capital to obtain the regulator’s approval before making a number of strategic moves.