Regulation

Randy Neugebauer and Maxine Waters don't have much in common politically. The Texas Republican has a lifetime score of 97 on the American Conservative Union's 100-point scorecard, while the California Democrat scores just 3.

A Kent, Wash., credit union joins peers from California and Michigan in opposing legislation that would allow non-profits to more than double their commercial lending.

While by law the Federal Reserve Board must worry about price stability and unemployment, Chairman Ben Bernanke appears to have charted a third mandate for the central bank: financial stability.

Park National (PRK) in Newark, Ohio, announced Friday that it will repay the $100 million it received from the government's Troubled Asset Relief Program by issuing new debt and reducing its short-term investments.

WASHINGTON — The Federal Reserve Board announced Friday that it is forming an outside council of academics to provide advice on its process of stress testing bank balance sheets.

The Colorado Supreme Court this week ruled that the defunct Norlarco Credit Union could not sue to recover the balance on a defaulted auto loan.

Two years after regulators gave Americans more power to manage overdrafts of their checking accounts, the Consumer Financial Protection Bureau is reviewing bank practices to determine if the crackdown went far enough.

I was reminded recently that the origin of the term vigilante stemmed from the vigilance committees formed in our nation's early days on the frontier where official law enforcement was either weak or nonexistent. They were established for the purpose of providing an environment where law abiding folks could be protected from the law breakers. Vigilance committees were noble and well-intentioned, but often quickly deteriorated into mobs and were characterized by outbreaks of mob rule.

The acting head of the FHFA said Thursday he is “deeply concerned” about underwater borrowers, but that forbearance plans and short sales already serve as forms of principal reduction.

First the Republicans pass a bill they must know had zero chance of enactment, misleadingly claiming it will cut the deficit. Even more absurdly, they then compare the Office of Financial Research to Big Brother.