Regulation

Banks are doing what they can to avoid depressing home prices, by focusing on reducing foreclosures rather than flooding the market with their backlog of properties.

A government watchdog is recommending the Consumer Financial Protection Bureau implement several additional internal controls to avoid misappropriation of assets or inaccurate financial statements.

Independent sales organizations can present themselves as consultants by specializing in offering card-acceptance services to just one or two types of clients and really getting to know those businesses.

WASHINGTON — President Barack Obama used his weekly radio address to once again defend the Dodd-Frank Act in light of JPMorgan Chase's $2 billion-plus loss, which he said illustrates the need for reforms.

Credit unions must adjust soon to the impact of mobile payments, which can disrupt their revenue from traditional payment systems like credit and debit cards.

JPMorgan Chase's Jamie Dimon said Monday that the bank will suspend its planned stock repurchases after the $2 billion loss in its trading activities. Dimon said he wants to ensure the bank stays on the "glidepath" to compliance with proposed Basel III requirements.

The Arkansas Supreme Court last week overturned a judgment the state's Attorney General Dustin McDaniel won against debt collector Jack H. Boyajian.

WAUSAU, Wis. — NCUA this evening liquidated Wausau Postal Employees CU and assigned the remnants of the one-time $10 million credit union to nearby giant CoVantage CU.

The Office of the Comptroller of the Currency closed Alabama Trust Bank in Sylacauga on Friday, making it Alabama’s first bank failure in more than a year.

The fallout of JPMorgan Chase & Co.'s $2 billion trading loss has reignited old worries of just how close Wall Street is to one of its top regulators, the Federal Reserve Bank of New York. Politicians and consumer activists have called for Jamie Dimon, JPMorgan's chairman and chief executive, to resign from his position as a board director at the New York Fed.