Law and regulation

Even Aaron Sorkin's new hit HBO show "The Newsroom" wants to weigh in on the merits of the Depression-era law, which separated commercial banking from investment banking.

Camden Fine, president of the Independent Community Bankers of America, said the sight of the 1,099-page proposal from the CFPB on simplified mortgage disclosures made him “physically ill,” according to Bloomberg.

Bank of America Corp., the second-biggest U.S. bank, received formal inquiries from investigators pressing their probe into the possible rigging of a key international lending benchmark.

The Senate's failure to move forward on a bill to strengthen U.S. computer defenses leaves little chance that Congress can find a compromise this year, as lawmakers turn their attention to November's election.

American Express said it may be forced to refund customers as bank regulators weigh enforcement actions based on consumer-protection laws.

FHFA nixes principal reductions; Democrats seethe but bankers cheer DeMarco; end in sight for refi boom.

American Express Co., the biggest credit-card issuer by purchases, said it may be forced to refund customers as bank regulators weigh enforcement actions based on consumer-protection laws.

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.

What caused the big failures during the crisis? "Lousy management and lax oversight. Those are the problems we need to focus on," writes American Banker editor-at-large Barbara Rehm. "And whether anyone wants to admit it or not, those are exactly the problems the Dodd-Frank Act went after."

Bank of America said it will contribute a total of $738 million to settle a price-fixing case brought by retailers over credit-card swipe fees.

Four years after the height of the financial crisis, the tri-party repo market still poses a risk to the U.S. financial system, witnesses told Congress Thursday. Yet no federal agency has taken full responsibility for the reform process, Sen. Jack Reed noted.

Despite the setback, the issue may return when the Senate returns from recess in September.

A measure from Republicans Scott Garrett and David Vitter would end the government’s ability to designate non-banks as systemically important.

After initially dragging their feet, the largest mortgage servicers have modified nearly 70% of loans from delinquent borrowers that qualify, thanks largely to government incentives.

U.S. regulators said Thursday they will be giving homeowners who believe they may have been wrongfully foreclosed upon more time to get an independent review.

Space Coast Credit Union announced Thursday that NCUA and state regulators have approved the spin-off of its two Jacksonville branches to Alive Credit Union.

Leaving no coin, metal, or commodity unturned, retiring Rep. Ron Paul made a final push on one of his signature issues on Thursday, seeking stronger ground for the U.S. to implement a parallel currency in lieu of the U.S. dollar.

PokerStars, Full Tilt Poker and Absolute Poker agreed to settle allegations that they used prepaid cards to launder money.

First Data, which processes about half of all U.S. card spending, recently identified that debit spending again overtook that of credit cards. Now another trend is emerging: PIN-debit use is growing much faster than signature debit and credit.

After Sandy Weill's let's-break-them-up bombshell, the authors of a certain major piece of legislation can, by comparison, take a more moderate stance on breaking up big banks.