Law and regulation

Fisher sat down with American Banker to talk about when a bank is too big, if more capital will ever be enough, and why it's time for regulators to go back to simplicity when it comes to crafting a rule to ban proprietary trading.

In a sit-down interview, Richard Fisher, president of the Federal Reserve Bank of Dallas, discusses why too big to fail isn't over yet — and what can be done about it.

The Treasury Department Tuesday cited a Belarus-based bank as potentially having links to money laundering, and proposed barring U.S. banks from opening or maintaining accounts with the institution.

JPMorgan Chase's "London Whale" episode highlights just how much risk is shared by U.S. and U.K. regulators.

Two House Democrats — Reps. Elijah Cummings and Peter Welch — called Tuesday for JPMorgan Chase & Co. (JPM) chief executive James Dimon, along with two figures who played a role in the bank's recent multi-billion-dollar trading losses, to testify before Congress.

Lots of ink has been spilled over the loss of at least $2 billion in JPMorgan Chase's Chief Investment Office in London. And nothing, so far, has been learned.

The announcement is surprising as it follows so soon after hefty penalties were assessed against many other banks for their overdraft programs.

James Freis was dismissed from his position as director of the Financial Crimes Enforcement Network last week after refusing to step down, a person familiar with the situation confirmed Monday.

In a legal filing, the OCC made its argument that regulators acted appropriately when they closed the Denver thrift in early 2010.

Senate testimony by CFTC Chairman Gary Gensler is expected to shed light on the split between regulators over the Volcker Rule.

The facts in the JPMorgan Chase (JPM) "London Whale" case are still being sorted out, but that hasn't stopped analysts — myself included — from pondering its policy impact. Much of what the bank's CEO, Jamie Dimon, calls punditry has focused on whether the $2 billion-plus loss proves points on the Volcker Rule, TBTF, CEO compensation and, perhaps, nicknames.

The FDIC has been in talks with the Bank of England since before Dodd-Frank about coordinating resolution regimes. But the 'London Whale' episode further highlights just how much risk is shared by the two transatlantic partners.

Banks are doing what they can to avoid depressing home prices, by focusing on reducing foreclosures rather than flooding the market with their backlog of properties.

A government watchdog is recommending the Consumer Financial Protection Bureau implement several additional internal controls to avoid misappropriation of assets or inaccurate financial statements.

Independent sales organizations can present themselves as consultants by specializing in offering card-acceptance services to just one or two types of clients and really getting to know those businesses.

WASHINGTON — President Barack Obama used his weekly radio address to once again defend the Dodd-Frank Act in light of JPMorgan Chase's $2 billion-plus loss, which he said illustrates the need for reforms.

Credit unions must adjust soon to the impact of mobile payments, which can disrupt their revenue from traditional payment systems like credit and debit cards.

JPMorgan Chase's Jamie Dimon said Monday that the bank will suspend its planned stock repurchases after the $2 billion loss in its trading activities. Dimon said he wants to ensure the bank stays on the "glidepath" to compliance with proposed Basel III requirements.

The Arkansas Supreme Court last week overturned a judgment the state's Attorney General Dustin McDaniel won against debt collector Jack H. Boyajian.

WAUSAU, Wis. — NCUA this evening liquidated Wausau Postal Employees CU and assigned the remnants of the one-time $10 million credit union to nearby giant CoVantage CU.