Law and regulation

Prepaid cards appeal to a growing percentage of the population like millennials and other 21st century consumers who want to manage their money without being tied down to bank locations.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

WASHINGTON — Two California companies allegedly sold pension advance loans that they claimed were not credit products but in fact charged usurious interest rates, according to a lawsuit brought Thursday by the Consumer Financial Protection Bureau and New York regulators.

Roughly 20 banks still have capital from the crisis-era program. Most are way behind on dividend payments and have limited options to raise capital to repay the Treasury Department.

Rubio's harsh words about Dodd-Frank and Kasich's record on the House Budget Committee have helped the two policymakers attract significant support from bankers, but Trump also has significant momentum.

For those who lament the U.S. government's failure to put individuals on trial for their role in the 2008 mortgage crisis, Iceland's prosecution of bankers represents a platonic ideal of financial supervision. But the comparison between the Icelandic and U.S. cases is not as simple as it may appear.

JPMorgan Chase has named retired Army Gen. Raymond Odierno senior adviser to the company on international relations, cybersecurity, leadership development and other issues.

Alternative payments are taking hold at a brisk pace. Now a major bank lobbying group and payment company is crying foul.

Before it dissolves in late September, a bipartisan House task force should take a broader look at de-risking, changing technologies, cybersecurity and the private sector's role in deterring terrorism financing.

Alternative payments are taking hold at a brisk pace. Now a major bank lobbying group and payment company is crying foul.

Citigroup has agreed to refund $4.5 million to global markets customers who were charged excessive fees and did not receive appropriate rebates.

WASHINGTON – The Federal Housing Finance Agency on Wednesday officially increased the target for loans purchased by Fannie Mae and Freddie Mac that benefit affordable housing, but the uptick is not satisfying housing advocates.

Citigroup will pay $15 million to resolve Securities and Exchange Commission claims that its Global Markets unit failed to enforce policies to prevent transactions that could lead to misuse of nonpublic information.

As the 2008 financial crisis fades into memory, it has become increasingly unlikely that any bankers or traders involved will see jail time. But while no individuals were ever charged with a crime, the feeling that the financial industry got away scot-free will affect the 2016 presidential race and beyond.

The Consumer Financial Protection Bureau said Springstone Financial, acquired last year by Lending Club, misled borrowers into thinking loans carried zero interest.

The Financial Stability Oversight Council has a mandate to designate nonbank financial companies as systemically important based on criteria established by Congress. Its designation decisions should not be predetermined by the actions of global regulators.

The Treasury Department announced Tuesday that members of the public will have an additional month to submit comments about the online marketplace lending industry.

A look at how Dodd-Frank has affected the banking industry, and what other forces are at play.

Promontory Financial Group on Tuesday agreed to a $15 million settlement, and a six-month ban from accepting certain new consulting work in New York, to resolve an investigation by the state's department of financial services into its consulting work at Standard Chartered Bank.

Bank of New York Mellon has agreed to pay $14.8 million to settle Securities and Exchange Commission allegations that it used its internship program to violate the Foreign Corrupt Practices Act.