Law and regulation

Wall Street banks — and the trade groups and law firms that represent them — are challenging the Federal Reserve Board's basis for restricting bank ties to physical commodities, arguing it is fundamentally flawed.

A Democratic coalition of nearly two dozen lawmakers is urging the Department of Education to change its rules to better protect students from unfair banking practices at colleges.

By buying more goods and services from businesses rooted in diverse communities, banks can build bridges with those communities and expand their customer base. And by expanding their networks of potential suppliers, banks can obtain better quality services at lower prices.

Sen. Elizabeth Warren, D-Mass., continued her crusade against Washington insiders and big banks Tuesday night, promoting her new book on "The Daily Show with Jon Stewart."

A coalition of more than two dozen conservative groups sent a letter to members of the Senate Banking Committee Wednesday, urging them to vote against a major bill to overhaul the housing finance market.

Being influential in the payments industry isn't just about positions or titles; it's about driving the course of business while also setting an example for others to follow in their careers and personal lives.

A failed Kansas bank is suing state regulators alleging that they had insufficient grounds to close it.

Those in the industry say customers aren't asking for specific same-day capabilities. Could it be that they aren't asking because they are finding solutions elsewhere?

Brokers of servicing rights say the overall market remains robust, despite suggestions by Ocwen's William Erbey last week that trades had ground to a halt. Trading of seriously delinquent portfolios has slowed on concerns about increased liability.

Sen. Elizabeth Warren's new book details the Massachusetts lawmaker's dramatic rise from humble Oklahoma roots to bookish Harvard law professor to liberal juggernaut, and includes some behind-the-scenes insights to the formation of the CFPB and its agenda.

An appeals court in California has ruled the Federal Deposit Insurance Corp. must wait in line with everyone else for a share of tax refunds awarded to IndyMac Bank's parent company.

The place to debate whether payday lending or any other business should be allowed to operate and have access to the banking system is in the halls of Congress and state legislatures, not in the backrooms of government bureaucracies, Bill Isaac writes.

The Consumer Financial Protection Bureau is expected to change how fees are defined for a key test to determine if a loan is a "qualified mortgage," according to observers.

A mediocre solution as unappetizing as that may be, in the long run, it is preferable to no solution at all in the secondary mortgage market.

In order for bank CEOs to be included on any "great leaders" list, trust with customers, employees and shareholders must be strong.

The Consumer Financial Protection Bureau is raising concerns about a caveat in private student loan contracts that allows lenders to automatically put a borrower in default when a co-signer faces certain kinds of hardship.

A powerful group of shareholders is amplifying attacks on housing finance reform legislation as they await resolution of a major legal battle, attempting to slow momentum on the bill before it likely passes the Senate Banking Committee.

Fannie and Freddie are huge in size, huge in global systemic risk, close to zero in capital, and of fully demonstrated "too big to fail" status. What is stopping the Financial Stability Oversight Council from designating them as systemically important?

Govern Google, regulate nationally, build on that baseline, evidence externalities and reduce demand in order to transform payday from a great divider into a great unifier.

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