Law and regulation

The Office of the Comptroller of the Currency's recent risk management proposal is tougher than institutions expected and would give the agency greater leeway to punish a firm it feels is not up to snuff.

The proposal to let the U.S. Postal Service become a bank is a hard sell, but the idea has legs for political, legal and business reasons. Here are answers to the top questions about the provocative idea.

New York's banking regulator unleashed a verbal assault on nonbank servicer Ocwen Financial Wednesday, saying the company's use of technology to better handle distressed loans is "too good to be true."

The U.S. Postal Service, well positioned to compete with payday lenders, could redirect the $7.4 billion Americans annually spend on these types of loans back into the U.S. economy. But it would have to become a proper bank to do so.

The American Bankers Association has decided to drop its lawsuit against the final Volcker Rule, saying regulators have already addressed some of the potential damage from the regulation.

The framework issued by the National Institute of Standards and Technology offers "a consensus description" for effective cybersecurity risk management.

Miller, the vice chairman of the House Financial Services Committee, announced Wednesday that he will not seek reelection later this year.

WASHINGTON -- The Senate Banking Committee is postponing its previously scheduled Thursday hearing with Federal Reserve Chair Janet Yellen.

WASHINGTON -- Fannie Mae and Freddie Mac lack consistent policies on charging late fees on outstanding loan repurchase requests, creating an uneven playing field in the mortgage market, according to an inspector general report released Wednesday.

Looming court battles over the fate of Fannie Mae and Freddie Mac are a key reason why lawmakers must act soon to pass housing finance reform, Housing and Urban Development Secretary Shaun Donovan said Wednesday.

Sens. Tim Johnson and Mike Crapo are close to unveiling a highly anticipated bipartisan bill to overhaul the mortgage finance market as the window for moving legislation this year continues to narrow.

Sen. Elizabeth Warren, D-Mass., and Rep. Elijah Cummings, D-Md., are urging the Federal Reserve Board to hold a formal vote on enforcement actions.

Being persistent and relentlessly reasonable can succeed over expressions of outrage, however justified that may be.

The Federal Deposit Insurance Corp. has filed a lawsuit against an executive at Renasant (RNST) in an effort to recoup money from a defaulted loan from the defunct Tennessee Commerce Bank.

International banks and other global private firms need to ensure that they do more than pay lip service to the privacy laws of sovereign states. In fact, the penalties for failure to comply with privacy laws in many countries can be very serious indeed.

Bankers have plenty of complaints about government, yet a steady stream of industry notables is striving to join the public sector's ranks. Former and current executives, central bankers and other financiers have sought and held political office through the years, both at state and national levels. Here are some who made - or have tried to make - the leap.

At Janet Yellen's first appearance on Capitol Hill as the head of the Federal Reserve Board, the country's top central banker did little to depart from her predecessor's views on key issues, often cautiously echoing his message from the past eight years.

As the role and responsibilities of compliance officers has grown, so has the need to ensure that those employees can effectively communicate with the rest of the bank.

It took a few hours for lawmakers to ask the perennial question to Federal Reserve Board Chair Janet Yellen that is apparently required for every regulator testifying on Capitol Hill: Did the Dodd-Frank Act end "too big to fail"?

Rep. Scott Garrett, R-N.J. skipped peppering Federal Reserve Chair Janet Yellen on monetary policy on Tuesday, focusing instead on a critical role that has remained left unfilled on the board: a formal overseer of bank regulation.