Law and regulation

On Tuesday, Wells Fargo took its shot at overturning a landmark 2010 district court judgment against its overdraft fees and practices.

House Financial Services Committee Chairman Spencer Bachus defended JPMorgan Chase on Wednesday from criticism of its $2 billion trading loss.

Possible violations of state and federal laws could jeopardize Costco's mortgage partnership program with several small banks. Some lawyers believe Costco should become a registered mortgage broker to comply with existing regulations.

Operational risk has replaced credit risk as the major safety and soundness challenge for national banks, Comptroller Thomas Curry said at a speech in Washington on Wednesday.

Jamie Dimon may no longer be President Obama's favorite banker, but the president is still apparently a fan of Dimon's bank.

ORLANDO–Banks want to strike gold again in payments, but they are still struggling to figure out which river to pan.

The recently passed Jumpstart Our Business Startups ("JOBS 2012") Act had the laudable goal of giving small companies easier passage to IPOs, but it did so by unwinding some Sarbanes-Oxley protections and permitting a new method of financing called crowd-funding.

The Democratic Senate leader seized on the political momentum from the losses at JPMorgan Chase to push for a vote on President Obama's two nominees.

Two debt collection agency executives pleaded guilty Friday to allegations that they defrauded the Connecticut-based Webster Bank.

Sen. Bob Corker acknowledged that he is delaying a bill that would provide banks greater assurance of confidentiality when they provide information to the Consumer Financial Protection Bureau, saying that he wants a larger package of technical changes to Dodd-Frank.

RBS Citizens Financial Group is expanding its private student loans business across the contiguous United States, the company announced on Tuesday.

Banks are facing a Wild West atmosphere as they invest in a patchwork of new payments technologies, from prepaid cards to mobile payments, without any guarantees that they will pick the right one.

The Federal Deposit Insurance Corp. will give its next update on the health of the banking industry on May 24.

The $2 billion loss at JPMorgan Chase (JPM) has reopened debate on the Volcker rule. The proponents of the rule have seized on the story as proof that the Volcker rule is necessary and should be quickly put into effect by regulation. In reality, however, if the facts are as thus far reported, what happened at JPMorgan is proof that the Volcker rule is unworkable and should be repealed.

On the whole, large banks appear to have primed their books for a rebound in rates: levels of short-term assets relative to short-term liabilities are now higher than they have been during roughly the past decade. The postures of individual institutions vary widely, however.

The JPMorgan Chase CEO's role as industry punching bag du jour has more to do with bad politics than with bad business.

Grand Bankshares in West Palm Beach, Fla., has been ordered by the Federal Reserve Board to serve as a source of strength for its struggling bank subsidiary.

Republican lawmakers Tuesday tabled a set of bills that would curtail new financial regulations, after a more than $2 billion trading loss at JPMorgan Chase & Co. (JPM) was widely seen as bolstering the argument in Washington for stricter oversight of Wall Street.

The Justice Department has opened an inquiry into JPMorgan Chase & Co.'s (JPM) more than $2 billion trading loss announced by the company Thursday, according to a person familiar with the matter.

Federal Reserve Board Gov. Elizabeth Duke outlined a number of factors — such as the mortgage servicer settlement, the huge number of underwater borrowers and the failure to reform the GSEs — that are working to limit mortgage credit to healthy borrowers.