The Supreme Court has ruled 5-4 that Janus Capital Group is not liable for false statements in a prospectus for the Janus Investment Fund made at the time of the 2003 market-timing scandal.

JPMorgan Chase & Co. CEO Jamie Dimon's scolding of Federal Reserve Chairman Ben Bernanke had broad support among bankers reeling from a re-defeat on the Durbin amendment and renewed anxieties about the Consumer Financial Protection Bureau. With "300 rules coming," as Dimon lamented, there are plenty of things for bankers to hate.

Bankers lost the Senate fight over interchange fees, but they are hoping the vote will help convince the Federal Reserve Board to raise its proposed 12-cent cap.

Investors and regulators aren't the only ones wanting to know how a fund will mitigate its operational risk.

Two former Morgan Stanley Smith Barney brokers have been ordered to pay about $4.28 million plus interest to their former employer for the breach of promissory notes and other agreements.

The Treasury Department has swapped the carrot for the stick for three of the largest participants in the administration's foreclosure prevention program.

Although banks failed in their attempt to convince Congress to delay an interchange fee cap for debit cards, the financial services industry is not giving up, just changing venues.

Banks appeared to be gaining the upper hand in their battle against retailers to delay pending interchange fee caps, but the fight was far from over.

A former employee pleaded guilty Monday in federal court to helping Bernie Madoff create false records for investors.

ICI Urges DOL to Make Electronic Delivery Default for 401(k)s

With implementation of the Dodd-Frank Wall Street Reform Act about to shower hundreds of new rules on capital markets, it's easy for other legislation to take on a cloak of invisibility.

The Securities and Exchange Commission has adopted rules that could reward individuals who blow the whistle on illegal activity in securities markets, with bounties on successful prosecutions.

The Los Angeles City Council two weeks ago passed a $6.9 billion budget. The council closed a $336-million revenue shortfall by cutting police overtime pay and some fire engine teams.

The Department of Labor’s Employee Benefits Security Administration has extended the deadline for 401(k) plans to disclose fees and expenses to participants to 120 days after the Jan. 1, 2012 deadline. Originally, the deadline was 60 days after the effective date. As a result, plans now have until April 30, 2012 to provide the information.

Depending on which political party you talk to, the Consumer Financial Protection Bureau is either the most powerful federal agency ever created, or the most constrained.

Even after an embarrassing online porn scandal rocked the regulatory agency last year, a new report from SEC Inspector General David Kotz finds some staffers are still going to great lengths to access these racy sites on company time.

Since Fed Chairman Ben Bernanke has said that he will terminate the QE2 program in mid-June, what will become of the bull market that saw the S&P 500 nearly double from its 2009 lows?

New spending comes as the bruises to the banks' reputations are still healing.

Our legal expert answers your questions about paying back loans.

The chairman of the Financial Crisis Inquiry Commission talks about too-big-to-fail banks and the push back to reform legislation.