Law and regulation

Bachus, Hensarling seek a two-year wait period on implementation. At that rate, a rule first authorized in 2010 won't take effect until 2015.

The landscape has changed radically in the last two decades. In most states, the number of banks has fallen sharply. But some states have emerged as storehouses for the nation's lending giants.

It's been a rocky year for digital currencies. Facebook began phasing out its Facebook Credits while Bitcoin continues to suffer a bad reputation. However, there are some promising developments on the horizon, with experienced payments providers joining in the digital currency game.

Delanco Federal Savings Bank in New Jersey must fix asset-quality, risk management and other problems under a written agreement with the Office of the Comptroller of the Currency.

Third Federal Savings & Loan Association of Cleveland said regulators terminated its memorandum of understanding, which had mandated an outside assessment of its management of interest-rate risk.

The FHA in its current form could not handle an emergency backstop role but would have a much better chance if moved out of HUD and combined with Ginnie Mae and the remnants of Fannie and Freddie.

This has been a difficult year to run a foreign-owned bank in the United States, but BBVA Compass aims to parlay a recent core overhaul into new growth opportunities in 2013, CEO Manolo Sanchez says.

The Consumer Financial Protection Bureau on Friday specified changes it would like to make to a rule designed to increase regulation of international money transfers.

The Office of the Comptroller of the Currency has taken enforcement measures against six banks and terminated actions against a half dozen others.

The Senate has passed a bill that would direct the Government Accountability Office to examine the economic benefits large banks receive for being "too big to fail."

In a one-hour interview at his office in Massachusetts earlier this year, Rep. Barney Frank was surprisingly open, discussing what motivated him to get into politics, his personal life, and the cause of political gridlock in Congress.

Bankers are raising concerns that a new Financial Accounting Standards Board proposal that would allow banks to set aside reserves for future losses is too open-ended and might result in banks putting too much aside.

A large shareholder recently sold most of her holdings in First Citizens, giving her uncle's family a majority stake in the family owned company.

WASHINGTON — The Consumer Financial Protection Bureau on Friday specified changes it would like to make to a rule designed to increase regulation of international money transfers.

The House Democratic Caucus named six incoming freshman members of Congress to serve on the Financial Services Committee next year.

The OCC says the decline in foreclosures year-over-year has been largely driven by improving economic conditions and increased effort by servicers to keep borrowers in their homes.

The Consumer Financial Protection Bureau and several state attorneys general won their first joint-case Friday against a debt-settlement company in Florida.

JPMorgan Chase & Co. will be the target of a regulatory enforcement order stemming from mistakes that led to at least $6.2 billion in trading losses, according to a person briefed on the situation.

The OCC told financial institutions to report cyber attacks to law enforcement and alert customers to their impact as new assaults targeted PNC and other banks.

MasterCard Inc., already facing at least 12 U.K. lawsuits after European Union regulators outlawed cross-border card fees, was sued by Deutsche Bahn AG and J Sainsbury Plc.