Law and regulation

Treasury Secretary Tim Geithner said Tuesday that the $2 billion trading loss at JPMorgan Chase makes a "powerful case" for the financial reforms being implemented under the Dodd-Frank Act.

The bureau is still the lead agency, but Dodd-Frank's ban on certain harmful practices known as UDAAP could give other agencies a significant role through their enforcement authority over community banks.

The Senate Banking Committee has yet to decide whether it will call JPMorgan Chase officials to testify about the firm's $2 billion trading loss, according to a committee source.

Federal banking regulators on Monday provided fresh guidance on how the largest institutions should move ahead with their own routine stress testing exercises.

Michael Krimminger had served as a top deputy to Sheila Bair during the Financial Crisis.

WASHINGTON – Dissatisfaction is growing in Congress with the Obama administration's decision to leave mortgage investors out of talks that led to a $25 billion settlement.

A big trading loss at Chase has some community bank CEOs discussing a second tier of regulation for small banks. Other CEOs believe the snafu is yet another black eye for the banking industry. And some point out that the loss is fairly insignificant to the New York company.

The Massachusetts Democrat argued following the $2 billion loss at JPMorgan Chase that it's time to bring back the division between commercial banking and investment banking.

Both sides of a bank deal need to meet with their regulators well ahead of announcing it in today's complicated world.

The presumptive Republican nominee has given almost no details about his plan to replace the Dodd-Frank Act.

White House Press Secretary Jay Carney told reporters Monday that the $2 billion loss "reinforces" the need for the 2010 reform law.

ORLANDO–If the annual Card Forum and Expo staged here last week were a car on a family trip, attendees played the roles of restless kids in the backseat asking, “Are we there yet?”

That $2 billion trading loss is just last week's headline. Is Chase so big and complicated that no CEO could apply, teach and enforce decency and the smell test?

Shareholders, creditors, counterparties and regulators deserve to know more about the causes of that $2 billion trading loss.

Government deference to big banks is a source of disgust and outrage that could ultimately lead to real reform and help all banks, says the former Tarp special inspector general.

Congress, unlike the Treasury, was one Washington institution that took a serious interest in preventing taxpayers from getting defrauded, says the former Tarp special inspector general.

The "vice-like grip" giant banks have on both parties makes their forced breakup unlikely. But momentum is rising for a move toward Glass-Steagall, says the former Tarp special inspector general.

The size of the biggest banks has made them a greater systemic risk than ever that's been compounded by the "fantasy" that living wills provide safety, says the former Tarp special inspector general.

When pressed on the AIG bailouts, the administration when on the attack and tried to trivialize a serious area of public concern, says the former Tarp special inspector general.

The Home Affordable Modification Program was so poorly implemented that it accomplished on a fraction of its stated intent, says the former Tarp special inspector general.