Bank of America Granted Penalty Relief After SEC Compromise
The SEC has resolved an impasse over punishing Bank of America in a mortgage case, clearing the way for a $16.7 billion global settlement.
SEC Responds to Market Volatility by Ramping Up Bond-Fund Exams
Surging market volatility is making regulators increasingly concerned that bond funds have loaded up on hard-to-sell assets.
CFPB Should Boost Consumer Data Protections: GAO
Republican lawmakers say that the CFPB is overstepping its boundaries with "unwarranted" and "unwelcome" intrusion into personal consumer information.
What Elizabeth Warren Fails to Understand About Finance
Law professor Todd Zywicki says the primary victims of well-intentioned but paternalistic bureaucrats are the very people they are meant to protect, especially lower-income Americans.
Dodd-Frank: Four Years Later
As the fourth anniversary of the Dodd-Frank Act's passage into law hit in late July, regulators and lawmakers aired their opinions about how the financial reform law is working—or not.
20 Best Ways to Fix Dodd-Frank Act
Former Sen. Chris Dodd says his namesake financial reform law is "working pretty well." But the Bipartisan Policy Center sees room for improvement.
New Hire Roundup: Hedge Fund Association Names Regional Co-Directors
Also in new hires, Sen. Rob Portman, R-Ohio, announced that Zach Rudisill will assume the role of tax counsel on his staff.
Criminal Charges Against Banks Risk Sparking Crisis
Even a threat of a hearing may prompt clients to "lose confidence" in an institution and even "cause a run" on a bank, one expert says.
SEC, FINRA, CFPB Enforcement: BofA Busted for Illegal Credit Card Practices
In other actions, Hewlett-Packard will have to pay $108 million to settle SEC and DOJ charges of FCPA violations.
Hefty Penalties Hardly Make JPMorgan Flinch
The past year was a tough one for JPMorgan Chase: The bank had to fork over close to $20 billion in penalties that were levied by various regulators.