Law and regulation

Members of the House Financial Services Committee have you covered — as long as you pony up to help their reelection campaigns.

Former Kansas City Fed president will likely let his disapproval about Dodd-Frank policies be known, but his views on bank examinations and TBTF seem in line with FDIC thinking.

Jack Barnes, the president and chief executive at People's United Bank in Bridgeport, Conn., said Thursday that $28 billion-asset has submitted an application to the OCC to switch from a federally chartered thrift to a national bank as part of a broader plan to bulk up in commercial lending.

As Occupy Wall Street gains national attention bashing bankers, it's giving a free ride to the 'Other 99%' who enjoy the perks of a nation living beyond its means.

Days after South Korea’s card networks agreed to slash the interchange rates they apply to credit card acceptance at small merchants, the Korean government has said that it would strive to unify their rates.

Consumer angst initially has some customers considering leaving their financial institution if it adds debit card fees, the results of a new consumer survey suggest.

Thomas Hoenig, outspoken during his time at the Kansas City Federal Reserve Bank, would become the FDIC's No. 2 during implementation of a new resolution system.

Federal Reserve officials are considering a new program of buying mortgage-backed securities to boost the ailing economy, though they appear unlikely to move swiftly in this direction.

Was the Fed trying to convince itself foreclosure isn’t that bad? Would they roll out the pie charts and PowerPoint presentations to convince the rest of the financial community, Congress and the like, that homeowners don’t have to fear deterioration of lifestyle, maybe just a bit of downsizing?

Sen. Mark Warner, D-Va., and other lawmakers pressed a top Treasury official on whether U.S. regulators can predict the impact a crisis in Europe would have on domestic firms.

Capital One Financial reported a small increase in third-quarter profit Thursday as the bank's loan writeoffs and delinquencies continued to fall.

As many banks evaluate how much impact the Durbin amendment that limits debit card interchange will affect revenue, U.S. Bank says it is reserving judgment.

Groups similar to Occupy Wall Street have sprouted up in cities across the country like crab grass in August. Now into their second month of protests, these young Americans are objecting to bank bailouts, foreclosures, millionaires, and even capitalism.

Sen. Richard Shelby and Sen. Bob Corker both sounded skeptical of the value of the traditional mortgage product, raising questions about whether the GOP may seek to eliminate it as part of a housing reform overhaul.

WASHINGTON– U.S. Sen. Dick Durbin, D-Ill., is calling on Wells Fargo & Co. to explain why it needs to impose new debit card fees when it posted a 21% increase in third quarter profits.

The office of California's Attorney General on Tuesday subpoenaed Bank of America Corp., seeking to determine whether the bank sold and marketed mortgage-backed securities under false pretenses, the Los Angeles Times reported Thursday on its website, citing a person familiar with the investigation.

The federal government is seeking to shut down a California-based operation described as a "shake-down debt-collection enterprise" that has collected more than $9.4 million in about two years - some of it from individuals who owed nothing.

Illinois Attorney General Lisa Madigan's office filed lawsuits against three companies based in the state for alleging committing debt settlement and mortgage rescue fraud.

Banks that rely on old-fashioned credit risk models or credit ratings to calculate risk-based capital reserves will suffer when Basel III becomes adopted in the U.S., Moody's head of quant credit research says.

The watchdog agency said allowing member banks to choose some board members at the 12 Federal Reserve Banks can create the appearance of conflict of interest, and recommended the central bank take greater precautions.