Law and regulation

A U.S. District Court judge has dismissed a challenge to JPMorgan Chase's $13 billion settlement with the Justice Department.

Bank of New York Mellon will pay $714 million to settle allegations by the U.S. and New York state that it defrauded clients in foreign-exchange transactions for as long as a decade.

Regulators pressed for more flexibility when it comes to stress tests, among other things, as lawmakers consider changes to the Dodd-Frank Act.

Four House lawmakers announced Thursday that they had formed a bipartisan group to focus on "the new and innovative technologies in the payments industry."

WASHINGTON — The Consumer Financial Protection Bureau finalized a contentious policy Thursday allowing customers to describe their banking experiences more fully on the agency's complaint portal.

Federal Reserve Board Chair Janet Yellen acknowledged Wednesday that there was little the central bank could directly do to change the culture at big banks caught up in market manipulation and other scandals. She also defended the Fed against calls to change its structure.

As lawmakers consider federal notification and information-sharing measures, a state official expressed jurisdictional concerns about creating national standards.

The House Financial Services Committee renewed its look at regulatory relief for small financial institutions Wednesday, pressing bankers and credit union representatives for details about their compliance burdens.

Payment solutions provider Global Payout has designed an electronic, closed-loop payment system to address the challenges faced by the medical and recreational marijuana industries.

Hoping to deliver relief to Americans pounded by the financial crisis, the government has poured billions of dollars into NeighborWorks America, a sort of Red Cross for homeowners. But a close look at the group reveals a house in disorder — with sweetheart contracts, document fudging and unexplained departures of top officials.

When financial firms emphasize the need to put customers first, they offer employees a simple way to navigate daily dilemmas while short-circuiting self-interest and tribal behavior.

There is no guarantee that Fannie Mae and Freddie Mac will remain profitable in the years ahead, raising the possibility of further draws from Treasury, according to a report from the Federal Housing Finance Agency's inspector general.

The Consumer Financial Protection Bureau announced Tuesday that it's seeking public comment ahead of a second study on the credit card market that could pave the way for new regulations or enforcement actions.

The Consumer Financial Protection Bureau announced Tuesday that it's seeking public comment ahead of a second study on the credit card market that could pave the way for new regulations or enforcement actions.

The controversial $50 billion-asset cutoff was one of a host of policy issues the Treasury secretary addressed before lawmakers on Tuesday.

A new book by the American Enterprise Institute's Peter Wallison reveals how a government push to lower credit standards brought about the housing crisis — and why a new effort to expand homeownership could inadvertently set the stage for a fresh disaster.

Meta Financial Group in Sioux Falls, N.D., expects to have a strong fiscal second quarter despite a small charge tied to brokered deposits.

The smaller banks in the FDIC's deposit insurance fund are subsidizing the activities of the largest banks. A two-tiered approach would go a long way toward addressing moral hazard and the too big to fail problem.

WASHINGTON — The Federal Reserve Board issued a proposal Monday that would require certain financial institutions that have been assigned Legal Entity Identifiers to include that information in their regular reports, a first but tentative step toward broader reliance on the universal counterparty ID.

Lending groups are demanding the Consumer Financial Protection Bureau take down its mortgage rate calculator, arguing it is providing misleading information to consumers.