Law and regulation

WASHINGTON — The Consumer Financial Protection Bureau is raising red flags about the servicing of old federal student loans that were once originated by private lenders.

Democrats clashed over banking reform Tuesday night during the party's first primary debate, underscoring the sharp divide with GOP candidates on Wall Street issues.

This week marks the fourth anniversary of the "Durbin amendment," a defective law directing the Federal Reserve to impose price-controls on debit interchange fees.

The Democratic presidential candidates sparred over Wall Street reform Tuesday evening, debating how to best tame the banking industry roughly seven years after the financial crisis.

Since the G20 agreed in 2009 to route most over-the-counter derivatives through central counterparties, or CCPs, regulators have been increasingly concerned that those centers could pose a catastrophic risk to financial stability if they fail. But a years-long standoff between the U.S. and Europe is delaying efforts to deal with the risks they pose.

New York state's banking regulator reached an agreement with Société Générale to retain records from an online messaging service and issued guidance for other banks in its jurisdiction that plan to use the messaging service.

Democratic presidential front runner Hillary Clinton last week became the latest presidential candidate to outline her views on Wall Street reform, taking an incremental approach that tried to strike a balance between pleasing the liberal base while not taking a radical stance on issues. Following is how her plan compares with her competitors, both Republican and Democrat.

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As if there were not enough unanswered questions about efforts to pass regulatory relief legislation, the sudden turmoil in the Republican House leadership this week adds another fresh layer of uncertainty.

Congressional Bancshares in Bethesda, Md., has received regulatory and shareholder approval to acquire American Bank in Rockville, Md.