Law and regulation

A year after the Fed enacted the Durbin amendment, predictions that swipe fee reform would kill free checking, hurt credit unions and stifle competition have failed to come true.

The modern, neo-Glass-Steagall advocacy has a mystical quality about it, an appeal that proposes to rise above the tough debate over the thorny details and reach back to a mythical time when bank regulation worked so very well.

Dodd-Frank "however good its intentions, has not and will not protect us against another meltdown," writes former senator Ted Kaufman. He's concerned about the growing size of big banks and what he views as fatal flaws in living wills. Want to really protect against another meltdown? Add that Kaufman-Brown amendment to the legistlation.

The FDIC's original blanket coverage for transaction accounts allowed institutions to opt out or pay extra fees to participate. But industry groups say extending Dodd-Frank's version of the coverage, which eliminated fees and made participation compulsory, is the only way to go.

WASHINGTON — The Federal Reserve Board approved a final rule on debit card interchange fees to make an adjustment for fraud-prevention costs.

The Federal Reserve Board approved a final rule on debit card interchange fees to make an adjustment for fraud-prevention costs.

The South Carolina Republican is trying to force a vote on whether to repeal Dodd-Frank by holding up two measures that are priorities for the banking industry.

The Consumer Financial Protection Bureau released its semiannual report on Monday, highlighting details on what consumers are most concerned about in submissions to a new CFPB complaint database.

A majority of BankThink posts dedicated to risk assessment focus on tools, systems, agencies or legislation. Rarely do we talk about the people hired to implement them. Do you believe in risk managers?

Concerns about moral hazard should not prevent Fannie Mae and Freddie Mac from helping underwater homeowners avoid foreclosure.

"I'm suddenly liking being a regional bank," said KeyCorp CEO Beth Mooney. Dodd-Frank "has created a different playing field," one in which she believes regionals may fare better than larger or smaller banks.

A U.S. district court has halted a nationwide scam operating from the Dominican Republic – but pretending to be in Chicago – that allegedly peddled fake mortgage assistance relief to Spanish-speaking homeowners in the U.S.

In a society where blatant expressions of discrimination are largely considered to be unacceptable, discrimination often takes on subtler and more insidious forms.

A trade group for the country's biggest banks is lashing out at their most recent critics and defending their "social utility."

A Congressional investigation found HSBC engaged in money laundering and sanctions busting for ten years, in multibillion-dollar amounts. Perhaps not coincidentally, the bank has been disinvesting from the U.S. Let's invite them to complete their departure—fast.

"The Securities and Exchange Commission and the Commodity Futures Trading Commission have decided not to define loan participation agreements as swaps." writes Allison Bisbey of Leveraged Finance News.

The Berkshire Bank, a New York lender with 11 branches, sued 21 banks including Bank of America, Barclays and Citigroup for damages over the alleged manipulation of the London Interbank Offered Rate.

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Regulators in Georgia closed the $217 million-asset Jasper Banking, which became the industry's 39th bank to fail this year.

The Treasury Department did not sell some of the preferred shares it owns two community banks as planned after it received insufficient bids for the securities.