Law and regulation

The credit card industry's proposed deal to settle long-pending retailer lawsuits set insiders chattering, divided over how much each side won and lost in the deal.

The cost of Dodd-Frank is driving banks to charge more for checking accounts and, in turn, driving more customers out of the banking fold and into the prepaid world, writes a compliance specialist at Hancock Bank.

Investigations subcommittee will focus on global bank in effort to illustrate money-laundering problems at institutions with large correspondent banking platforms.

Ohio Attorney General Mike DeWine has filed a motion for his state's pension funds to join other pension funds in leading a class-action lawsuit against JPMorgan Chase (JPM) for losses related to its chief investment office.

The central bank has brought back a process scrapped in the late 1990s, where it will review preliminary merger plans of untested buyers pursuing unusual deals.

Most merchants dread the idea of surcharging consumers at the point of sale, even if Visa and MasterCard are giving them explicit permission in a proposed legal settlement. But the option could prove valuable to merchants as they negotiate new contracts.

Visa and MasterCard, in a drive to tip the scales in favor of card issuers over merchants, have established policies over the years that have led to tens of billions in costs and losses through litigation settlements and legislation.

Northern Trust (NTRS) announced Monday that it has named a former top official at the Federal Reserve Bank of Chicago as its chief economist.

Card fees and anti-Wall Street rhetoric are playing big roles in Democratic Sen. Jon Tester's tight reelection battle with Republican Rep. Denny Rehberg.

Why would a bank issue prepaid debit cards to its customers? It's an inferior product for consumers and banks alike. Issue prepaid credit cards instead, with four times the interchange.

A deal that last week was heralded as reordering the credit card business is receiving pushback from merchants who say it doesn’t go far enough.

Consumer statute lawsuit filings showed only small changes in the June 16-30 reporting period compared to the first half of June, according to WebRecon LLC. Most of the key numbers also mirrored the numbers from a year ago.

Pulaski Bank has filed a lawsuit against three former employees over mortgage data that the Creve Couer, Mo., bank claims the employees took and are using to give their new employer a leg up.

As Dodd-Frank's two year anniversary approaches "scores of rules that the law had mandated to be completed at this point are still uncompleted," writes American Banker's Donna Borak, citing analysis by the law firm Davis Polk & Wardwell.

A final rule places credit reporting agencies under the bureau's nonbank supervision program as part of its "larger participant" powers.

A trade group representing convenience stores rejected the proposed settlement of interchange lawsuits and hired law firm Constantine Cannon to hold out for better terms.

Visa, MasterCard and the largest banks have announced a proposed multi-billion dollar settlement with U.S. retailers in a longstanding lawsuit over swipe fees charged by the networks.

Visa, MasterCard and the largest banks have announced a proposed multi-billion dollar settlement with U.S. retailers in a longstanding lawsuit over swipe fees charged by the networks.

Regulators late Friday seized the $24.8 million-asset Glasgow Savings Bank in Glasgow, Mo.

Let's wrap up the week of Dodd-Frank negativity with something a little more upbeat: an insurance executive who'd like to point out a positive in Dodd-Frank.