News bites: Regulators target lending risks

U.S. regulators are grilling banks over lending standards, The Wall Street Journal reports.

The House approved legislation to limit the authority of the Commodity Futures Trading Commission (CFTC) to implement a key Dodd-Frank provision, according to The Hill’s Floor Action blog.

One member of the CFTC is calling on the commission to approve an extension to give members time to finalize the measure involving cross-border swaps, RegWatch reports.

The Federal Deposit Insurance Corporation (FDIC) and the Consumer Financial Protection Bureau (CFPB) are teaming up to help prevent financial exploitation of the elderly, the Journal reports.