Law and regulation

Citigroup Inc. will submit a second capital plan to the Federal Reserve — without a request a capital distribution to shareholders.

The former head of the Commodity Futures Trading Commission joined lawmakers on Friday that were protesting GOP-proposed cuts to the agency's funding.

The Federal Housing Administration announced plans Friday to expand a program that encourages the sale of distressed mortgages to new investors.

The non-profit group said four of the top 12 banks including BB&T Corp., HSBC Finance Corp., Regions Financial, and Capital One Financial Corp. did not disclose the size of overdraft penalty fees in writing either on checking account home pages or on the Web pages describing specific accounts.

John Court has joined the Clearing House Association as senior vice president and associate general counsel.

A restful night of sleep might be on the short list of priorities for a central banker — or at least one would hope so.

Judicial Watch Inc. has filed suit in federal court claiming the CFPB failed to provide a proper response to several Freedom of Information Requests concerning the recess appointment of Richard Cordray to head the agency.

A number of state officials are trying to move deposits to community banks, though it is unclear if smaller institutions have the capacity or regulatory blessing needed to hold the funds.

An Oregon man was sentenced to eight years in prison Thursday for his role in a commercial collection scam that bilked nearly $6 million from 680 victims.

"I wouldn't want to be buying a foreclosure, then have the title examiner find that a robo-signer had participated in the process," says Massachusetts' register of deeds.

Banks and governments have not been required to account for the way in which, when important firms fall deeper into distress, implicit and explicit taxpayer guarantees absorb much of the markdowns that would otherwise have to occur.

The New Jersey bank offers cheap mortgage refis, but their fine print means that some customers end up paying additional interest or taxes — and complaining about the extra costs.

Given the recent developments in Europe, investment managers are wondering when the euro will come crashing down. Challenges are likely to fall upon operations and technology departments within investment management firms. The steps to limit risk should be taken now.

Two prominent Democrats — Sen. Richard Durbin and Rep. George Miller — asked the Consumer Financial Protection Bureau to examine fees charged to college students who receive financial-aid disbursements on their debit cards.

Bond investors tell lawmakers of their being shut out of the negotiations and of their reduced trust of the servicing industry.

The Fed on Thursday issued proposals that would raise banks' minimum capital requirement to 7%.

West Virginia Rep. Shelley Moore Capito has asked the Federal Deposit Insurance Corp. to provide Congress with a detailed analysis on the performance of the Transaction Account Guarantee program in order help lawmakers decide to whether or not to extend the four-year-old program when it expires Dec. 31.

In testimony before the Joint Economic Committee of Congress, Fed chairman also highlights lawmakers' role in strengthening U.S. economy.

Debate is heating up on the question of whether a nonworking spouse who relies on "household income" can qualify for a credit card account.

Comptroller Tom Curry faced a barrage of criticism over how JPMorgan Chase lost $2 billion under the OCC's nose. The hearing threw into turmoil the roles typically played by Democrats and Republicans and raised new questions about the Volcker Rule.