Law and regulation

East West Bancorp has been placed under an enforcement action for anti-money-laundering compliance weaknesses, as it continues a plan to spend an estimated total of $12 million on program upgrades.

WASHINGTON — Four Federal Home Loan Banks have recruited 74 members to participate in their new Mortgage Partnership Finance jumbo loan program.

There were at least two bad omens for large banks in the Republican debate held late Tuesday — even the most business-friendly candidates felt free to sharply criticize them and many seemed ill-informed about the current system.

MasterCard is extending its Zero Liability protection to cardholders and small businesses in all of its markets in an effort to recalibrate the program to match the realities of digital commerce.

A lot is riding on the effectiveness of internal models to determine capital levels, but regulators still allow banks' methodology to be too opaque.

Our nation has a long way to go to protect those defending our homeland. Stopping the damage of high-cost credit is an important first step.

Republican presidential candidates finally dug into financial policy Tuesday night, underscoring key differences over concerns about "too big to fail" financial institutions and the possibility of future bailouts.

Bankers are likely to cheer an ad from a conservative group portraying the CFPB as a Stalinist bureaucracy bent on denying consumers' credit. But the ad's over-the-top attack is already playing into the hands of Sen. Elizabeth Warren, the agency's founder.

The New York banking regulator announced Tuesday it was working on new cybersecurity requirements even as bankers pushed agencies to further harmonize their efforts.

The added clarity provided by the Federal Housing Administration's revised single-family handbook comes at the expense of lender flexibility to get loans qualified, including a popular workaround for borrowers with deferred student loan debt.

The American Bankers Association is deemphasizing the crisis-era fight over regulation and refocusing on the rising competitive threat posed by technology companies.

Sen. Elizabeth Warren, D-Mass., and Rep. Elijah Cummings, D-Md., are urging regulators to bolster new swaps rules in the wake of a controversial rollback of a provision of the Dodd-Frank Act last year.

Federal prosecutors on Tuesday charged three men in connection with the mass hack attack on JPMorgan Chase that took place in June 2014.

Neel Kashkari, the former assistant Treasury secretary and Goldman Sachs executive who oversaw the Troubled Asset Relief Program, has been appointed to head the Federal Reserve Bank of Minneapolis.

With the CFPB poised to finalize regulations on overdraft fees, it is important to realize how much the product helps informed consumers.

Over the last several months much has been made about the New York BitLicense.

The Consumer Financial Protection Bureau is pushing back against a lawsuit from PHH Corp. that claims the agency erred in overturning an administrative law judge's recommendation to limit the amount of penalties it could face.

National Bank Holdings in Greenwood Village, Colo., has negotiated an early termination of the loss-share agreements that backed up its acquisitions of two failed banks.

The elections are still nearly a year away, but the financial services sector has already pledged tens of millions of dollars to top White House contenders.

The Financial Stability Board finalized a standard Monday that will require 30 of the world’s largest banks to hold a combination of debt and equity that could be used to absorb losses and facilitate a resolution if one of them were to become insolvent.