Law and regulation

The Birmingham bank is adding to its new line of financial services for low-income and other underbanked customers.

We need stronger cross-border regulatory enforcement to spot U.S firms going to London for looser rules. Guess what MF Global, Lehman, AIG and the London Whale have in common.

The 2008 bailout program may have worked as intended, but Wells Fargo's Former CEO still insists it did more harm than good.

The Dimon Senate hearing was a missed opportunity to spotlight the criticality of risk management practices. When banks get into trouble, you can follow the trail back to a lack of governance, process and controls.

The Federal Reserve and Commerzbank have reached an agreement over the German bank's antimoney-laundering controls and testing.

The Treasury Department has successfully sold off its shares in seven more community banks as part of its ongoing effort to wind down the four-year-old Troubled Asset Relief Program.

Many so-called consumer advocates doubt consumers can make responsible decisions about credit and believe they should be "protected" from certain financial products. We did not sense this sort of patronizing viewpoint from the new agency.

Behind the scenes, the system is getting safer as the largest banks re-focus on their strengths and dump businesses that don't fit the future they see for themselves. These narrower, but not necessarily smaller, banks should be easier to oversee, editor-at-large Barbara A. Rehm says.

WASHINGTON — Industry groups asked the Consumer Financial Protection Bureau Wednesday to convene a panel to review the potential effects of new mortgage lending standards on small businesses.

JPMorgan Chase CEO Jamie Dimon stood up to Democratic senators during a hearing on trading losses and managed to use the forum to argue against the Volcker Rule and other regulations.

Fannie Mae went in-house to recruit three of its last four CEOs, a strategy likely calculated to rebuild internal morale. Freddie Mac hired three of its last four chiefs from outside, signaling continued housecleaning.

Jamie Dimon, the chairman and chief executive of JPMorgan Chase easily won a Senate Banking Committee hearing on Wednesday probing the more than $2 billion loss at his firm, signaling that his star status on Capitol Hill remains relatively unchanged despite ongoing questions about the unusual trades.

The Consumer Financial Protection Bureau will use the data to make recommendations to Congress, which could include changes to the private student loan market.

The former chief executive of a failed Florida community bank has been sentenced to six years in prison for lying to regulators about the bank's condition.

A federal court panel said Bank of America Corp. (BAC) can't consolidate multiple lawsuits involving losses suffered from the collapse of Taylor Bean & Whitaker Mortgage Corp. and Colonial Bank in a multibillion-dollar fraud.

BuckleySandler LLP has hired both a top federal prosecutor and a former regulator to beef up its securities fraud expertise.

In congressional testimony, the JPMorgan Chase chief executive seeks to strike a balance between contrition and assurances that the situation is under control.

We offer a primer on what topics are liable to be covered, who is likely to hit Jamie Dimon the hardest and what to look out for when the JPMorgan Chase CEO testifies Wednesday at the Senate Banking Committee hearing.

The Atlanta retailer, one of the banking industry's fiercest opponents in the battles over interchange regulations, says its customers have benefited from lower prices after regulators capped debit card swipe fees.

It's too easy to blame the agency. With a job as complex as the FAA's, but less than a tenth of the staff, the OCC for practical and philosophical reasons relies on banks to manage and monitor risk.