Law and regulation

There is no such thing as a "Consumer Financial Protection Bureau." That’s a false label. Rather, there is a Bureau of Consumer Financial Protection ("BCFP," if you like), established by Title X of the "Dodd-Frank Act."

The Office of the Comptroller of the Currency closed two Midwestern banks Friday, bringing the failure tally so far this year to nine. The Federal Deposit Insurance Corp., as the receiver of the failed national banks, was able to find other institutions to resolve the failures.

The chairman of the House Financial Services Committee is under investigation by the Office of Congressional Ethics — news that comes at an uncomfortable time, since Bachus is currently in the midst of a re-election fight.

The $25 billion multistate mortgage settlement requires banks to conduct an extensive review of foreclosures against military borrowers, and could cost millions more in compensation.

Housing prices will continue to decline slightly through 2012 but will begin to rebound in 2013, according to a new survey from the Federal Reserve Bank of Philadelphia.

After 100 years of having a federal charter, Frost says new reform law has increased the value of state regulation.

The Texas Bankers Association is irked about the National Credit Union Administration's decision to infuse $60 million into the otherwise insolvent Texans Credit Union.

Bank of America Corp. and its largest rivals are hogging most of the mortgage-mess headlines. But smaller banks are also struggling to resolve problems from their high levels of delinquent loans.

If you live in Oklahoma: Sorry, you’re screwed. Your Attorney General is more worried about moral hazard and wouldn’t sign the agreement.

More than a day after the announcement of a mammoth national mortgage servicing settlement, the actual terms of the deal still aren't public. That's because a fully authorized, legally binding deal has not been inked yet.

William Galvin, Massachusetts' securities regulator, on Friday subpoenaed Bank of America in connection with its involvement in two loan securities that resulted in $150 million in losses for investors.

Fannie Mae has hired Wells Fargo mortgage executive Anthony 'Tuck' Reed as a senior executive in charge of customer strategy and support in its single-family business.

Is Dodd-Frank the real reason, or enough of a reason, for Wall Street to abandon Obama?

In addition to the national mortgage servicing settlement, Nevada has reached a side deal with Bank of America, state Attorney General Catherine Masto announced late Thursday.

Multiple state and federal officials put the banks on notice that the $25 billion mortgage servicing settlement is just the first step in pursuing civil litigation and criminal prosecutions in connection with misdeeds before, during and after the financial crisis.

Sen. Robert Menendez wants to let lenders share in future home price increases if they agree to reduce the mortgage principal owed by homeowners today.

Depending on who you talked to, the massive mortgage servicer settlement announced Thursday was either a "criminal sell out" or a much-needed shot in the arm for the housing market. In reality, however, it appeared to be neither.

In congressional testimony Thursday, two economists saw reasons for optimism about the battered U.S. housing market.

Most of the costs were either previously reserved for or will be incurred over several years. Among the five banks that settled (Wells Fargo, Bank of America, JPMorgan Chase, Allied Financial and Citigroup), only Citi had to take a charge.

Three months after a new rule capped debit card swipe fees, Visa Inc. is weathering a slowdown in its U.S. debit business, though it has so far avoided the doomsday scenarios once predicted.