Regulation

The Federal Reserve Board could vote as early as Wednesday on Capital One's application to buy the online banking unit of ING Group.

After a yearlong effort to reach a multistate settlement with the top five mortgage servicers, state attorneys general and the firms involved finally appear to be close to a deal. But even before it is signed, there are already questions about how it will be implemented and future litigation risks.

Most Senate Republicans have said they will file a court brief supporting any legal challenge to recess appointments at the Consumer Financial Protection Bureau and National Labor Relations Board.

The American Bankers Association promoted five staff members of its executive staff.

Two members of the House Financial Services Committee members, Reps. Michael Grimm and Stephen Fincher, are hosting a fundraising party on Tuesday to celebrate their birthdays.

Banks have faced onslaughts of litigation for several years over their credit card payment protection plans. But so far legal efforts to challenge or change the business have ended in dismissals or relatively small settlements.

Banks have been accused of ripping off consumers for insurance-like credit card products. Now critics who say the payment protection plans are a racket could get a boost from federal regulators.

Minnesota has suspended the collection license of Accretive Health Inc., a Chicago-based company that lost a laptop computer containing medical records for thousands of patients at two Minnesota hospital systems last summer.

California has returned to talks after a four-month absence to possibly take part in a multi-state deal with the nation's largest mortgage servicers over faulty foreclosure practices, the New York Times and Los Angeles Times reported Monday.

WASHINGTON — The White House late Friday named former Treasury Department official Jeremiah Norton to the remaining seat on the Federal Deposit Insurance Corp. board of directors.