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The Federal Reserve's much-awaited Basel III proposal would raise capital significantly for the largest banks, a move that neither the international agreement nor the moment requires. Somehow that square is going to get circled.

Lawyers representing the man accused of killing technology executive Bob Lee are attempting to poke holes in the prosecution's case, questioning the motive and the thoroughness of the police investigation in what's likely a long-term strategy to raise enough doubt to exonerate their client at trial.

The Federal Reserve is leading the push for broader, more standardized risk-capital rules, yet some of its board members, other regulators and industry groups are uncomfortable with the proposal.

Michael M. Horn is a partner at the law firm of McCarter & English. He served on the board of directors of the Federal Home Loan Bank of New York for 30 years, including 10 years as board chair. He also served as the commissioner of banking for the state of New Jersey as well as state treasurer.

Denise A. Dunckel is CEO of the American Association for Debt Resolution, which advocates for consumer rights for Americans with unmanageable unsecured debt burdens.

The governing bodies of the National Association of Federally-Insured Credit Unions and the Credit Union National Association have unanimously approved a merger agreement. Members are expected to vote on the deal later this month.

Flywire, Visa and Mastercard all entered partnerships that anticipate a post-pandemic recovery. But politics are still keeping them from getting deeper into the market.

Michigan State University Federal Credit Union and Nymbus teamed up to design a package of business banking tools with an eye toward credit unions, which historically have tread lightly into this space.

The decision to allow lenders to review only two credit reports for mortgage applicants will harm homebuyers with less than perfect credit.