Law and regulation

The CFPB director appeared Tuesday before the congressional panel most hostile to his agency, but the proceedings generally remained civil and respectful.

We know banks large and small are concerned about the compliance costs and other implications of Dodd-Frank. How about credit unions?

At a Senate hearing on ways to help borrowers, Tennessee Republican Bob Corker said debate over education costs should "look at the entire picture."

A bipartisan bill that would permit regulators to grant federal charters to nonbank consumer lenders is being met with fierce resistance — particularly from regulators themselves.

Black and Latino borrowers received government-backed loans insured by the Federal Housing Administration or guaranteed by the Department of Veterans Affairs significantly more often than white borrowers, raising concerns about redlining, a new study has found.

The Illinois company spent three years trying to keep its Kansas and Florida banks from failing. The company, which has other banks, is not off the hook yet because the FDIC could charge it for the cost of the failures.

SunTrust, Huntington, First Horizon and TCF would suffer the biggest drops in Tier 1 common equity under proposed guidelines, unless they change their mix of assets.

Wal-Mart and Target have vocally opposed the card networks' proposed multi-billion dollar interchange fee settlement, but even these giants may not have the influence to spike the agreement.

You should be able to move your money as fast as you can make it. But the banking system today works about as speedily as the Post Office.

Fed Gov. Sarah Bloom Raskin urged regulators to narrow a potential loophole in the Volcker Rule that would allow some banks to bypass the ban on proprietary trading.

Use eminent domain to refinance unaffordable mortgages, cut through the mire of servicers, home equity investors and trustees. Protect homeownership and communities while respecting everyone's property rights.

It was an insanely busy week in Washington last week, as the CFPB took its first enforcement action, regulators finally designated nonbank systemically important companies and Dodd-Frank turned two. Here were the stories you shouldn't miss:

Consumers who might feel taken advantage of by con artists who claim they'll hope lower or resolve debts if an advance fee is paid might take some comfort in learning that troubled banks are falling for a similar scam.

Wal-Mart said that it takes issue with the multi-billion dollar swipe-fee settlement the card networks proposed this month.

Jim Purcell, chief executive officer of State National Bank of Big Spring, spoke during one of the hearings House Republicans organized to examine Dodd-Frank’s impact. But he "had a hard time answering certain questions from Democrats," writes American Banker’s Kevin Wack.

The Consumer Financial Protection Bureau is urging colleges to adopt a new form designed to make it easier for students to compare financial aid offers.

The order against Capital One last week differed from how the banking regulators act in several key ways.

The U.S. regulator overseeing Fannie Mae, Freddie Mac and the Federal Home Loan Banks has hired a consulting firm to create contingency plans for taking the mortgage-finance firms into receivership, according to contract documents.

Recessions do not cause bank failures. It is banks causing booms that cause recessions that cause banks to fail.

Billed as a discussion of the Dodd-Frank Act's second anniversary, Treasury Secretary Timothy Geithner's testimony this week in Congress is instead expected to focus primarily on alleged manipulation of the London Interbank Offered Rate.