Law and regulation

Standard Chartered CEO Peter Sands hit back at a New York regulator's claims the bank broke U.S. sanctions, and said he saw "no grounds" for revoking the lender's license.

Jeffrey Kutler, editor-in-chief of Risk Professional magazine, isn’t surprised that bankers have balked at new regulation. But if there’s still debate about whether or not the Volcker Rule would have prevented JPMorgan's trading losses in the London office “what does that imply about the overall quality of the reform effort?” he asks.

A veteran who served in Afghanistan has filed a class-action lawsuit alleging Bank of America threatened to foreclose on his home and violated the Servicemembers Civil Relief Act.

Jeff Gerhart, the chairman and CEO of Nebraska's Bank of Newman Grove, is trying to help farmers with drought issues while also tackling concerns over Basel III rules and implementation for the Independent Community Bankers of America.

Bank lobbying groups have been pushing for an extension of the Transaction Account Guarantee program that would continue to make FDIC coverage for all transaction accounts mandatory. "But prior to Dodd-Frank, the original TAG — which regulators created in 2008 to strengthen liquidity — was voluntary and charged participants extra fees to opt in,” writes American Banker’s Joe Adler.

There is a growing debate over how much detail a bank should have to disclose to regulators about the money it sets aside to cover losses stemming from lawsuits.

Sen. Bob Corker, R-Tenn., showed further signs he could be a 'nay' if Congress voted on extending the Transaction Account Guarantee program.

Campus card provider Higher One, along with The Bancorp Bank, its former bank partner, have settled a lawsuit with the FDIC stemming from several "alleged unfair and deceptive practices."

Bowing to pressure from community bankers, regulators extended the comment period on a set of proposals that will lift banks' minimum capital requirement to 7%.

"The kind of problems we're trying to address deal with clarity of the market — know before you owe — right from the very application stage," said Richard Cordray, Consumer Financial Protection Bureau director, in a recent interview with the New York Times about the two new mortgage forms the agency proposed in July.

Sens. David Vitter and Sherrod Brown are pressuring bank regulators to impose a higher capital surcharge for the largest U.S. banks.

Standard Chartered PLC might be asked to pay as much as $700 million to resolve money-laundering allegations filed by New York's banking superintendent after his department grew impatient with inaction by federal regulators, a person familiar with the case said.

The Federal Housing Finance Agency warned Wednesday it would take action, if necessary, to stop cities from using eminent domain to seize underwater mortgages and attorneys say they are likely to prevail.

The mortgage-writedown program that the FHFA rejected would have produced little benefit to the housing market. But principal forgiveness, done right, can do a lot of good while minimizing potential harm.

The multidistrict litigation process lumped together disparate overdraft cases in a "one size fits all" approach. As a result, it did not achieve the salutary goals the judicial panel set out to accomplish and must be judged an expensive failure.

Sen. Richard Shelby might be the Senate Banking Committee chairman in 2013, depending on which party is in control. If he does, he has his agenda ready.

Sandy Weill's call to break up the big banks by restoring the Depression Era law has sparked a backlash among some who argue it would not help prevent the next crisis.

As Standard Chartered deals with the fallout over accusations it laundered money for Iran, some wonder if U.S. regulators have been overreaching.

Prime Pacific Financial Services in Lynwood, Wash., will raise $5 million through a private placement of common stock as it works to meet capital requirements from a regulatory order.

Stabilizing operational costs and the potential for steady profits at Freddie Mac could further lessen the urgency of structural reforms.