Regulation

Though it was clear from the start that a Republican alternative on the consumer bureau was going to fail, GOP lawmakers dragged out the debate rather than allowing the measure to be voted on and moving on to some of the roughly 140 other amendments still to be considered.

Charles Schwab will pay an additional $35 million on top of the $200 million settlement announced April 20 in the District Court, Northern District of California case against the Schwab YieldPlus fund.

In an effort to help advisors meet regulatory requirements, State Street Corp. launched a suite of money maket funds services.

The staff of the Securities and Exchange Commission will hold a public seminar next month to help mutual funds comply with new electronic filing requirement that take effect next year.

In what could be a first of it’s kind action in the municipal bond market, the Internal Revenue Service has suspended tax-exempt bond attorney Michael W. McCall for at least 24 months from practicing before it for writing a false tax opinion.

In joint letter to legislators, trade associations ask that insurers be excluded from resolution funding.associations

Community bankers are close to winning a key change to the Senate regulatory reform bill that would require the government to base deposit insurance rates on assets instead of domestic deposits.

It is not often one hears someone nicknamed “Wild” Bill exhorting patience.

Bankers may be unable to stop a tax if it does get added to the legislation because Democrats view it as a way to ensure the reform bill saves the government money and Republicans consider it politically risky to oppose.

Maintaining a competitive environment is critical to the continuing development of new lifetime income solutions for employer-sponsored retirement plans, the SPARK Institute said in a joint letter to the Department of Labor and the Department of Treasury.