Law and regulation

Supporters of the bipartisan measure say that it will help entrepreneurs, community banks, and other small businesses, but opponents fear that it opens the door to fraud.

Looking to bet on — errrr, hedge your exposure to — the 2012 presidential election?

The Treasury Department took one for the team last week when they gave up Dan Tangherlini, the assistant secretary for management and chief financial officer, who was tapped to pick up the pieces as acting head of the General Services Administration.

Brian Sack, head of the markets group for the Federal Reserve Bank of New York, is leaving his post, effective Sept. 14.

Any number of things about Ben Bernanke's job could potentially keep him up at night.

For all the angst about heightened regulation in the banking sector, financial policymakers are increasingly turning their attention to a different industry: cell phones.

InComm, following a similar move by American Express, plans to stop selling gift cards in retail stores in New Jersey.

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.

The Office of the Comptroller of the Currency issued a cease and desist order against Citibank Thursday for violations of the Bank Secrecy Act dating back to 2006.

While the Senate finally confirmed Martin Gruenberg to serve on the FDIC board, it's waiting until after the elections to confirm a chairman.

The Durbin amendment did not so much make the economics of low value payments unsustainable as reveal the fundamental truth that they were unsustainable to begin with.

The law takes steps to ensure that members of Congress do not use their office for personal gain. But as the president signed it into law, he said that it doesn't go far enough.

The National Fair Housing Alliance said Wednesday it plans to file complaints against several banks for consistent disparities in the way they maintain homes in minority neighborhoods compared to white areas.

A decision by the Federal Housing Finance Agency on whether it will wash away portions of underwater borrowers' mortgage is imminent, Ed DeMarco, the agency's acting director, said Wednesday.

Frustrated by a lack of political power and fed up with blindly donating to politicians who consistently vote against the industry's interests, a handful of leaders have formed the industry's first SuperPAC.

Some lenders say the change will curtail abuses by consumers who try to hide debts. Others fear FHA's new guidelines will constrain credit just when the housing market needs it.

American Express (AXP) has begun removing its prepaid gift cards from shelves in New Jersey due to a law that requires retailers to collect ZIP codes from purchasers at the point of sale.

More than a year and a half after the Dodd Frank Act, regulators finalized a critical rule detailing how they will identify systemically important nonbank financial firms.

WASHINGTON — Regions Financial (RF), the largest remaining bank in the government's Troubled Asset Relief Program, repaid its outstanding $3.5 billion investment on Wednesday, the Treasury Department said.

John Delaney, the founder and chairman of CapitalSource in Bethesda, Md., has won the Democratic nomination for a redistricted Congressional seat and will square off against Republican incumbent Roscoe Bartlett in November's general election.