Law and regulation

Presidential inauguration planners have named Amalgamated Bank in New York as their go-to financial institution.

House Democrats have chosen ranking members for the five banking panel subcommittees.

The Consumer Bankers Association is warning banks that they will face challenges booking loans while also competing with nonbanks in areas such as prepaid cards.

The National Consumer Law Center released a 90-page report Tuesday calling for the Consumer Financial Protection Bureau to make loan modifications mandatory in national servicing standards.

If the JPMorgan Chase board docks CEO Jamie Dimon's compensation only for the London Whale’s trading loss, he should consider himself fortunate that they are so myopic.

The Fed and OCC issued consent orders against JPMorgan Chase related to its trading losses, but stopped short of fining the bank.

The Basel III liquidity plan is the latest case of a global rule hostile to local realities.

The Fed and OCC orders against JPMorgan required them to fix their internal controls related to its trading activities, but stopped short of requiring sweeping changes or mandating a monetary penalty.

In a speech at a California Bankers Association conference on Friday, Comptroller of the Currency Thomas Curry said regulators are close to completing the 'Volcker' trading ban and securitization rules.

Amy Friend, the former chief counsel of the Senate Banking Committee is expected to rejoin the Office of the Comptroller of the Currency. Friend, who helped draft the Dodd-Frank Act, will be the OCC's top lawyer.

Amy Friend, the former chief counsel of the Senate Banking Committee who previously worked at the OCC, will succeed Julie Williams as the agency's chief counsel.

The president and six former officers of a failed Savannah, Ga., bank were indicted on Jan. 11 on charges of fraud and conspiracy related to failed commercial loans.

President Obama is considering two women for senior economic positions, weighing Ruth Porat, CFO at Morgan Stanley, for deputy Treasury secretary and Wal-Mart Foundation President Sylvia Mathews Burwell for budget director.

Banks, subprime lenders and borrowers had varying reactions to the agency's long-awaited ruling on qualified mortgages.

The Obama administration has ruled out minting money as a way to sidestep the nation's borrowing limit. The Treasury Department will not produce a trillion-dollar platinum coin to pay the federal government's bills, the Washington Post reported Saturday.

Cezar Butu of Romania, who pleaded guilty to taking part in hacking terminals at hundreds of U.S. Subway sandwich shops from 2009 to 2011, was sentenced this week to 21 months in prison.

Westside Community Bank in University Place, Wash., became the first failed institution of 2013 late Friday.

An enterprise that compiled and sold criminal record reports has agreed to settle FTC charges that it operated as a consumer reporting agency without adhering to Fair Credit Reporting Act rules.

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Subprime mortgages are likely to become harder to make and more expensive to sell in the secondary market based on the new qualified mortgage rule.