Law and regulation

JPMorgan Chase's Disney debit rewards card was one of many that banks eliminated after regulation led to a slash in debit interchange revenue. Now the card is making a comeback — with a few changes.

Distressed homeowners have received only 10 percent of nearly $46 billion in federal aid since the money was allocated in 2009 under the Troubled Asset Relief Program, a U.S. auditor's report said today.

Global regulators took a further step in refining a capital framework by specifying the amount of capital banks should keep to cover their exposure to central counterparties.

The CEOs who lead our largest banks ought to be spending their time trying to get ahead of the next problem and righting their corporate cultures. If they don't, it may be only a matter of time before Congress breaks them up, argues Editor-at-Large Barbara A. Rehm

The Consumer Financial Protection Bureau's boss appeared before a House oversight subcommittee known for its hostility and got off surprisingly easy.

Financial markets remain highly complex webs subject to major systemic shocks we are ill-equipped to identify before our financial system melts down.

Visa Europe may receive an antitrust complaint from European Union regulators over credit card fees, the EU's competition commissioner said.

A regulatory settlement or a Senate hearing can remove a particular cloud enveloping an institution, but create deeper doubts than the ones it removes.

Sanford "Sandy" Weill, who ushered in the era of supermarket banks with the creation of Citigroup (C) before the financial crisis, said U.S. lenders should be broken up to protect taxpayers.

Banks will be forced to put more capital behind derivatives trades in a push by global regulators to protect market stability and reinforce clearinghouses.

Last week's enforcement order against Capital One "signaled the CFPB is shooting for higher settlement amounts, is more interested in providing a detailed account of what went wrong, and wants to specify exactly what institutions should do in similar situations," writes American Banker's Kevin Wack.

Bankers who want to cash out ahead of a potential hike in the capital gains tax next year need to act fast, M&A experts say.

The yield curve flattened and it showed in margins among the first wave of banks to post second quarter results. But a sizeable group used some remaining levers – like the retirement of trust-preferred securities – to buck the trend.

The CFPB director appeared Tuesday before the congressional panel most hostile to his agency, but the proceedings generally remained civil and respectful.

We know banks large and small are concerned about the compliance costs and other implications of Dodd-Frank. How about credit unions?

At a Senate hearing on ways to help borrowers, Tennessee Republican Bob Corker said debate over education costs should "look at the entire picture."

A bipartisan bill that would permit regulators to grant federal charters to nonbank consumer lenders is being met with fierce resistance — particularly from regulators themselves.

Black and Latino borrowers received government-backed loans insured by the Federal Housing Administration or guaranteed by the Department of Veterans Affairs significantly more often than white borrowers, raising concerns about redlining, a new study has found.

The Illinois company spent three years trying to keep its Kansas and Florida banks from failing. The company, which has other banks, is not off the hook yet because the FDIC could charge it for the cost of the failures.

SunTrust, Huntington, First Horizon and TCF would suffer the biggest drops in Tier 1 common equity under proposed guidelines, unless they change their mix of assets.