Law and regulation

Matt Williams, incoming chairman of the American Bankers Association, says banks can rebound by drawing on lessons from past crises, updating business models and hiring a new generation of bankers.

American International Group said the Financial Stability Oversight Council told the insurer it's under consideration to be labeled a potential risk to the financial system.

Housing and Urban Development Secretary Shaun Donovan defended efforts by the Obama administration to help the housing market recover, arguing it faced significant hurdles over the past four years.

Intended to bring together the entire universe of U.S. financial regulators in the hope that doing so would identify and forestall new risks to the financial system, the FSOC, two years in, has not identified much and can therefore be credited with little forestalling.

Although American Express received lighter fines than the two previous credit card players targeted by the Consumer Financial Protection Bureau, many believe the CFPB's third enforcement action is its biggest statement yet.

The notion of decreasing the degree to which a banker can use his or her judgment to add to the ALLL not only throws the baby out with the bathwater, but it also fails to protect the investor, the very person that the accounting rules claim to be protecting.

The third enforcement order from the CFPB, resulting in $112 million in penalties against American Express, brought together Utah and federal regulators in investigating violations across subsidiaries of the company.

The battle over interchange fees moves to its next phase Tuesday when a federal judge hears complaints from merchants that the Federal Reserve’s cap on the fees not go far enough.

The New York attorney general sued JPMorgan Chase (JPM) on Monday, charging that the Bear Stearns brokerage it bought committed fraud in the sale of hundreds of billions of dollars in mortgage-backed securities on the eve of the housing crisis.

Although American Express received lighter fines than the two previous credit card players targeted by the Consumer Financial Protection Bureau, many believe the CFPB’s third enforcement action is its biggest statement yet.

Although American Express received lighter fines than the two previous credit card players targeted by the Consumer Financial Protection Bureau, many believe the CFPB's third enforcement action is its biggest statement yet.

The Securities and Exchange Commission agreed to accept the settlement and forego any appeals after a California judge effectively gutted the government's case.

Prosecutors charged three men with taking part in a $100 million fraud involving the former chief executive officer of Manhattan's Park Avenue Bank, who pleaded guilty in 2010 to lying to regulators and embezzling funds.

The battle over interchange fees moves to its next phase Tuesday when a federal judge hears complaints from merchants that the Federal Reserve's cap on the fees not go far enough.

Examiners will be able to take their complaints to the comptroller's office when they disagree with supervisory decisions.

U.S. regulators are making significant progress in implementing Basel III, according to a scorecard released Monday by the Basel Committee on Banking Supervision. But the EU received a worse grade.

One year after the Durbin Amendment slashed debit interchange payments to banks, there’s scant evidence that retailers are lowering prices as promised.

The Federal Deposit Insurance Corp. has lifted a cease-and-desist order against Twin City Bank after it raised fresh capital.

A practical, well-executed plan, even one with disappointingly modest goals, will deliver more than an overly ambitious plan, easily subverted, that in hindsight probably had no hope of ever succeeding.

The Financial Stability Oversight Council took another step Friday toward designating certain nonbank firms as systemically important. One key question is how, and how hard, those named will push back.