Law and regulation

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.

AB editors discuss everything from eminent domain mortgage seizures and the CFPB's first year to earnings and the risk that banks are stretching for earnings.

U.S. officials were told in April 2008 that banks were possibly underreporting their London interbank offered rate submissions, according to documents released on Friday by the Federal Reserve Bank of New York.

Merscorp Holdings will provide the state of Delaware's Department of Justice Consumer Protection Unit a semi-annual report detailing results of its internal audits.

On eve of law's second anniversary, regulators face heavy scrutiny over how they will implement remaining Dodd-Frank rules. Many key regulations have yet to be seen.

Due to ever-increasing compliance requirements, consumers have already lost free checking. Now, the Bureau's sights are set on general purpose reloadable prepaid cards.

The guest list to Rep. Barney Frank's July 7 wedding included several Democratic Party honchos.

The pop-culture catchphrase of the summer — "That's a clown question, bro" — made an unexpected appearance Tuesday at a financial regulatory meeting.

"The Consumer Financial Protection Bureau has already proved to be one of the busiest regulators in Washington," writes American Banker's Rob Blackwell about the agency’s first year in operation.

The Federal Reserve Board has lifted a written agreement with Tower Financial that required the Fort Wayne, Ind., company to improve its lending and credit administration.

WASHINGTON — Twelve Democratic senators have called for a U.S. investigation into any role banks and regulators may have played in the scandal over the London Interbank Offered Rate.

If the CFTC and self-regulatory organizations couldn't protect MF Global and Peregrine customers' money, how will they fare policing the $300 trillion swaps market?

Four out of five banks that closed important deals last week did so in four months or less. First PacTrust, which is new to getting M&A approval from regulators, needed 10 months to close one deal and has another pending after more than a year.

"The Sarbanes-Oxley Act of 2002 included a provision protecting whistleblowers at publicly traded companies from retaliation. Dodd-Frank spelled out that the provision also protects employees of wholly owned subsidiaries of public companies. The question remained, however, whether that protection applies retroactively,” writes law.com.

Settlement with San Francisco bank is second-largest fair-lending case following Justice Department's deal with Countrywide last year.

The only beneficiary of this well-intended but misguided regulation appears to be a small group of lawyers bringing costly lawsuits.