Regulation

For young businesses to succeed, they first need business management tools, networks and coaching. Only after they have these things are they ready to take out loans.

Two managers of a debt collection business are banned from the industry and agreed to surrender their assets as part of settlements reached with the Federal Trade Commission.

WASHINGTON — Banks successfully warded off a measure Thursday that would have raised the small business lending cap for credit unions, but they continue to battle a second amendment to a House-passed bill that they also oppose.

Citigroup Inc.'s failure to see that it would not pass the Federal Reserve Board's stress tests has left the firm in a challenging position — and may serve as a stark lesson to other banks.

With the overseers of Fannie Mae and Freddie Mac digging in their heels against the use of principal write-downs for troubled homeowners, Senate Democrats pressed their case for a course change on Thursday.

The $25 billion national mortgage settlement essentially allows the five largest servicers to police themselves - which has made many consumer advocates surprisingly happy.

The FDIC is holding an auction for jewelry it inherited from the failed Tennessee Commerce Bank. The bank picked up the baubles after a jewelry store defaulted.

The Federal Housing Finance Agency moved Thursday to restrict home builders from imposing a controversial fee on property transactions that critics call unfair to home buyers.

Senate Democrats plan to introduce to an amendment to a new jobs bill that would extend the charter of the Export-Import Bank for another four years and raise the bank's lending limit by 40%, to $140 billion.

Last year, for the first time in anyone's recollection, there were no new bank charters approved, with the exception of three specifically blessed to acquire failed banks.