JPMorgan Chase struck a deal with financial regulators that would yield a record $13 billion settlement over allegations involving the banks dealings with mortgage-backed securities, according to RegWatch.
The agreement followed a pivotal phone call between the bank's chief executive, Jamie Dimon, and U.S. Attorney Gen. Eric Holder, The New York Times reports.
Sen. Charles Schumer (D-N.Y.) is pressing for action on delayed regulations requiring rear-view cameras in vehicles, according to Newsday.
Federal regulators are getting back to work after a prolonged shutdown sidelined the government’s rule-making agencies, RegWatch reports.
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