Law and regulation

In a piece on The Clearing House website, Comptroller of the Currency Thomas Curry said the culture fostered by top executives can have more to do with creating problems at banks than individual bad decisions.

The Consumer Financial Protection Bureau is raising questions about the policies and data banks use to vet consumers before allowing them to open a checking account.

There's a growing push to revisit how banks are determined to be "systemically important" under the Dodd-Frank Act, but questions about how to resolve the problem still loom large.

The Mortgage Bankers Association continues to push back against regulations stemming from the financial crisis, as the industry's biggest lobbying group continues pushing for regulatory relief to bolster the housing market — and boost profits for its members.

The Offices of Minority and Women Inclusion should require financial institutions to perform regular, standardized and data-driven assessments of workforce and supplier diversity.

The FSOC must provide well-reasoned justifications as to why it chooses to designate a firm as systemically important — and provide a clear outline of the steps that companies can take to rid themselves of the SIFI label.

WePay is adding white-label risk management and other merchant services in an effort to reach digital marketplaces that are under pressure to improve user experience.

The Basel Committee is poised to unveil the final version of a new longer-term liquidity measure. Here's why banks are concerned.

While the Volcker Rule has been in the works since 2009, the final rule is new to professionals at both banks and regulatory agencies. Everyone involved faces a steep learning curve.

The largest global banks will have to hold more capital and liabilities than previously reported that can automatically be written off in a crisis — as much as a quarter of risk-weighted assets — as regulators take on lenders deemed too big to fail.

Congress should amend the bankruptcy code to permit borrowers to discharge student loan debt if their net monthly income is insufficient.

Regulators unveiled plans Monday to broaden the use of "Legal Entity Identifiers" and launch a pilot program designed to get more information on bilateral repurchase agreements.

Regulators recently offered a rare behind-the-scenes glimpse of what areas they are targeting for enforcement, saying that potential fair lending violations like redlining and how mortgages are priced and serviced remain top priorities for the future.

Federal Home Loans Banks officials and others want more time to evaluate and comment on a Federal Housing Finance Agency proposal to restrict FHLB membership.

The HMDA's reporting requirements should be expanded to include loan performance data along with mortgage origination data so that researchers and policymakers can better understand the state of credit access in the U.S.

Former "American Idol" star Clay Aiken will face incumbent Renee Ellmers in a congressional debate hosted by the North Carolina Bankers Association.

The House Oversight Committee, which earlier this year admonished the Department of Justice over its tactics for combating fraud in the payments system, has turned its focus to the role of the Federal Trade Commission in the ongoing crackdown.

The life insurance giant became the second firm to seek an opportunity to contest its designation as "systemic" by the Financial Stability Oversight Council.

The House Oversight Committee has turned its focus from the Justice Department's Operation Choke Point to FTC investigations that target payment processing firms.

WASHINGTON — The Office of the Comptroller of the Currency officially named Kathy Murphy as the senior deputy comptroller for management and chief financial officer on Friday.