Law and regulation

But the consulting firm says the sector remains an integral part of the U.S. financial system and cautions against overregulating it.

The Board of Governors will hold a public meeting to vote on a set of proposals that will implement global banking rules, known as Basel III.

Rep. Barney Frank has introduced a bill that would prohibit financial executives from purchasing insurance to protect themselves from compensation clawback penalties.

The American Bankers Association joined trade groups in every state Wednesday to urge passage of a bill easing fee disclosure rules at automated tellers.

Banks received two years to bring automated teller machines into compliance with the Americans with Disabilities Act. As soon as the deadline passed, plaintiffs' lawyers pounced on the stragglers.

Jeremy Stein, a professor of economics at Harvard University, became the seventh governor to join the Federal Reserve Board, the central bank said Wednesday.

Wilshire State Bank in Los Angeles has been released from an enforcement order that required it to boost its capital ratios and reduce its level of problem loans.

Prepaid companies have lowered their card fees over the past few years, but now regulators may give the still-fractured industry another push towards simpler prices.

Politicians and regulators want taxpayers to believe two things: first, that financial crisis had multiple complex causes mostly related to excessive risk-taking, conflicts of interest and deregulation — a view unconvincingly supported by the exculpatory 662 page summary Report of the Financial Crisis Inquiry Commission; second, that public regulation is a sisyphean task requiring the 2313 page Dodd-Frank Act. This diagnosis and prescription are both wrong.

The House Financial Services Committee is set to vote on a bill that would benefit just one institutions: Emigrant Bank, whose CEO Howard Milstein has made contributions to many of the bill's co-sponsors. And people wonder why Americans are cynical about politicians.

Prepaid cardholders are certain to enjoy more federal protection soon. But it remains open to debate how much those protections should resemble those for conventional bank accounts.

JPMorgan's trading loss should send shudders down the spine of shareholders, management and regulators. The once paragon of risk management has turned into a case study of what not to do.

The Federal Reserve Board has given a Premier Bank in Denver 90 days to become adequately capitalized or sell itself.

The Supreme Court affirmed Tuesday the right of lenders to use their debt as currency in bankruptcy auctions in a unanimous decision sure to reverberate through the corporate-restructuring community.

Several lawmakers pushing a bill that would assist only one institution - Emigrant Bank of New York - have received campaign contributions from its top executive, Howard Milstein.

The growing challenges that bankers face amid a fast-changing technological and regulatory landscape were the focus of CEB TowerGroup's annual conference in Boston last week.

There are at least three ways to break a bank. Give him a little more time and Jamie Dimon may demonstrate all three of them.

The Mortgage Bankers Association raised its 2012 forecast for residential originations on Thursday, citing low interest rates that have sparked a massive increase in refinance activity.

The Office of the Comptroller of the Currency has replaced an order between North American Savings Bank and the Office of Thrift Supervision with one of its own.

Some lawmakers are seething at the huge pay package handed out to a former CEO of Liberty Mutual Insurance. Their response has been to introduce new proposals on pay for mutual insurers, which could eventually apply to other financial institutions.