Law and regulation

Bitcoin wallet providers have had a touchy relationship with prepaid cards. But whether or not these companies care about plastic, they should care about how the Consumer Financial Protection Bureau's prepaid proposal affects them.

The Independent Community Bankers of America is urging the House to include in its terrorism risk insurance bill an unrelated amendment requiring community-banking expertise on the Federal Reserve Board.

Republican lawmakers will head the banking committees in both chambers next year – raising the prospects for deals on key legislation – but getting to the negotiating table is still the biggest hurdle for the next Congress.

The Justice Department and the Consumer Financial Protection Bureau are alleging that Toyota Motor Credit engaged in practices that resulted in discriminatory pricing of loans, according to a securities filing by the company.

The Federal Reserve was comfortable as a behind-the-scenes regulator, but it’s now expected to be a public enforcer as well. Asking the agency to balance these contradictory roles is a recipe for trouble.

Sheila Bair, a former chairman of the Federal Deposit Insurance Corp., has agreed to serve as a senior adviser to the law firm DLA Piper, focusing on its international practice, according to a memo obtained by American Banker.

Richmond Fed President Jeffrey Lacker discusses why he distrusts a government-run system for unwinding banks, how community banks could thrive in the future, and why policymakers should consider better distinguishing between the biggest institutions and mid-size firms.

A final judgment against Bank of America in a mortgage-bond lawsuit by the Securities and Exchange Commission was signed by a federal judge, helping clear the way for the lender to complete a $16.7 billion global settlement of claims it misled investors about risk.

Recent speeches by Benjamin Lawsky and other regulators suggest that government officials are gearing up to issue new cybersecurity rules. Banks' relationships with third-party vendors are one likely area of focus.

The CFPB's proposed requirements threaten to trap next-generation digital wallets and cryptocurrency innovations in a consumer protection regime narrowly tailored to the unique characteristics of reloadable prepaid cards.

Although regulators say the bank's resolution plan still has "specific shortcomings," Wells Fargo appears closer than other banks in fulfilling the Dodd-Frank requirement.

Two community banks recently were permitted to transfer cash to their holding companies. It could be a sign that regulators are changing their attitudes toward such payments now that banks have healthier capital levels.

Since the crisis, banks have relied on lower loan-loss provisions to make a profit. But banks actually made money in the third quarter. Here's how.

The Federal Reserve said it plans to oversee General Electric Co.'s finance unit in a similar manner to the way it supervises large bank-holding companies.

FDIC third quarter report shows pop in loan buybacks and indemnifications.

The Consumer Financial Protection Bureau has pushed back three key rulemakings – including the highly anticipated proposal on payday lending – until next year.

The Consumer Financial Protection Bureau has pushed back three key rulemakings - including the highly anticipated proposal on payday lending - until next year.

Regulators are urging senior bank management to spearhead the effort to improve cyber risk management. Executives would be well advised to act before fines and other enforcement actions are handed down.

Banks and thrifts earned $38.7 billion in the third quarter, a 7.3% increase from a year earlier but slightly down from the $40.1 billion earned in the second quarter, the Federal Deposit Insurance Corp. said Tuesday.

The Loan Syndications and Trading Association is asking a D.C. Court of Appeals to throw out the final risk retention rules that banking and securities regulators approved last month, arguing it was written in an "arbitrary, capricious" way. That may make other industry groups unhappy.