Victoria Finkle

Patrick M. Parkinson, former head of supervision for the Federal Reserve Board, has joined Promontory Financial Group.

With just three and a half months left until 2013, regulators are under pressure to release a boatload of new regulations, including some of the most contentious items on their plate.

The Basel III capital proposals would severely restrict already weak lending at community banks and has to be changed, panelists said at American Banker's Regulatory Symposium. But international politics and legal requirements will make them hard to change, they acknowledged.

Mary Miller, the U.S. Treasury under secretary for domestic finance, praised the Dodd-Frank Act in a speech at American Banker's Regulatory Symposium Friday.

Friends of Traditional Banking, a SuperPAC founded by state banking groups last spring, has voted to support Republican Sens. Scott Brown of Massachusetts and Dean Heller of Nevada.

In remarks planned for American Banker's Regulatory Symposium, the potential candidate for House Financial Services chairman holds little back in criticizing the central bank.

Rep. Jeb Hensarling, a candidate to assume control of the House Financial Services Committee next year, sharply criticized the Dodd-Frank Act, saying it had severely damaged financial institutions.

Capital One's CEO expresses concern that innovations from the likes of Google and PayPal could put banks in a "back seat." He also says the bank is done with acquisitions for the time being.

Banks are getting more advanced at using transaction and demographic data to help entice consumers to reach for their cards over those of their rivals.

Uncertainty surrounding the economy, the election and other concerns are keeping some potential borrowers "on the sideline," Beth Mooney, the chairman and chief executive at KeyCorp (KEY) said Monday.

The bank announced on Wednesday a new sponsorship deal with the Detroit Lions, part of its ongoing effort to raise its profile in the Wolverine State.

The San Francisco bank and Riverwoods, Ill., credit card company could "marry their existing attributes, by both building upon existing strengths while solving each side's challenges," it argues.

A program that encourages saving through periodic cash giveaways is attracting interest among credit unions across the country, and could be debuting at banks in Maryland as early as next year.

TCF Financial changes its mind on imposing fees on formerly gratis checking accounts.

A study conducted by Discover's PULSE network finds that issuers are encouraging customers to use PIN at the point of sale now that the Durbin Amendment's interchange cap has made signature transactions less profitable.

The credit card company is rolling out a 15-week survey to gauge which school has the most loyal followers. Warning: some of your answers could offend your significant other.

Bank of America (BAC) and Fifth Third (FITB) have joined a growing number of large banks that have simplified disclosure notices on retail checking accounts.

Two shareholders have filed a lawsuit arguing that the prepaid company withheld material information about the competitive climate and the potential impact on its operations.

Existing customers are generally praising Square's new flat monthly fee for processing card transactions, but Square's challenge will be winning over business owners who are on the fence about its services.

Borrowers are paying down their debts across a number of credit categories — with the big exception being student loans, according to new data published by Equifax.