Regulation

With the one-year deadline for implementing new Basel banking rules looming, Canada's model for implementing so-called nonviability contingent capital is attracting widespread interest from global regulators.

Illinois Attorney General Lisa Madigan plans to fight the use of arrest warrants by collectors, vowing in a recent interview to push judges to stop the practice and promising to pursue enforcement against companies that seek such warrants under Illinois law.

Federal Reserve Chairman Ben S. Bernanke and fellow U.S. policymakers may find themselves hampered in restoring financial stability should the European debt crisis spread to America.

The central bank said it will begin a comprehensive capital analysis of 31 financial institutions, including a new round of stress testing for 19 of those banks. Such institutions must be "well prepared" to meet new international capital standards when they file capital plans next year, according to the Fed.

Banks with more than $50 billion of assets must be "well prepared" to meet new international capital standards when they file capital plans next year, according to a final rule issued by the Federal Reserve Board on Tuesday.

While banks earned $35.3 billion in the third quarter, the FDIC warned that such profits are unsustainable without greater loan growth.

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A group of retail trade groups allege that the central bank did not properly follow the instructions of Congress when it capped interchange fees at around 21 cents per transaction.

At the end of October, the Obama Administration announced changes to the Home Affordability Refinance Program that conceivably will make as many as 2 million more homeowners eligible for refinancing over the next two years. This will lower the default risk for the government sponsored entities and their ultimate backers, the American taxpayers, and should provide some level of economic stimulus.

As Dodd-Frank regulations come into focus, critics say they're complex to the point of being unworkable. Here's a simple solution.