Law and regulation

The Consumer Financial Protection Bureau issued a final rule exempting financial institutions that provide fewer than 100 remittances a year from new requirements for such services.

NCR Corp., a maker of automated teller machines and payment systems, tumbled the most in two years after saying it received allegations about business practices that might violate U.S. laws.

NCR Corp.’s stock tumbled the most in two years after saying it received allegations about business practices that might violate U.S. laws.

The debate inside the Republican Party over the future of Fannie Mae and Freddie Mac has taken a right turn with Mitt Romney's selection of Rep. Paul Ryan as his running mate.

Chicago Mayor Rahm Emanuel on Tuesday shot down the idea of using eminent domain to seize underwater mortgages, the Chicago Tribune reported.

Britain's Standard Chartered Bank will pay $340 million to settle claims that it laundered hundreds of billions of dollars in illegal foreign transactions for Iran and other parties.

The smattering of data showing an upsurge in lending activity now includes the statistical reporting required under the Community Reinvestment Act.

The battle between retailers, issuers and the major card networks rages on, but behind the scenes, small electronic funds transfer networks suddenly have become more relevant in driving down payment-acceptance costs.

Dodd-Frank just turned two, but it'll be old before its time writes Dimitri B. Papadimitriou of Bard College. The legislation falls prey to the same flaw of most financial regulation: aiming to solve the last crisis instead of the next, he argues.

Money funds and non-deposit-taking consumer lenders should be chartered as limited purpose banks by the Fed and CFPB, respectively. This will reduce systemic risk, improve consistency and efficiency, and protect consumers.

The unexpected retirement of Julie Williams, the Office of the Comptroller of the Currency's second-in-command, raises questions about whether the move was forced and what it says about the agency's future direction.

Three former employees at JPMorgan Chase & Co. branches pleaded guilty on Monday to using the identities of Puerto Rican customers to file fraudulent tax returns.

The complaint against Wells Fargo highlights problems in comparing borrowers from different racial and ethnic groups.

The creation of Consumer Financial Protection Bureau and an emphasis from all regulators on unfair, deceptive, or abusive acts and practices has created new staffing demands. “Banks are scrambling to find compliance personnel with expertise in consumer protection law,” writes American Banker’s Andy Peters.

Federal investigators charged a Minnesota debt collector with using his access to credit bureaus and consumer databases to steal identities and defraud financial institutions.

Almost two-thirds of small businesses in the Federal Reserve Bank of New York's region that sought credit received some form of financing, according to a poll conducted by the bank during the second quarter.

With advances for the Federal Home Loan Banks flat at the end of last quarter compared with yearend 2011, the system gets help from lower OTTI charges and end of thrift-crisis fund.

After Julie Williams, the longtime No. 2 at the Office of the Comptroller of the Currency, announced she was leaving, one question dominated the resulting discussion: Was she pushed out or did she jump?

This year's drought could cause many farmers to default on ag loans, particularly those tied to livestock. For banks with high concentrations of ag loans, the drought poses the first major credit challenge since the financial crisis.

Ginnie Mae is considering raising minimum net-worth requirements for issuers of its mortgage-backed securities after being deluged with applications from small mortgage banks. Disruptions in the mortgage market prompted the rush.