Law and regulation

If government bureaucrats, acting without statutory authority, can coerce banks into denying services to firms engaged in lawful behavior that the government does not like, where does it stop?

The Volcker Rule will cost U.S. national banks as much as $4.3 billion to implement, according to a study by the Office of the Comptroller of the Currency.

Alfred DelliBovi, the head of the Federal Home Loan Bank of New York and a lion of housing finance, submitted his resignation Thursday after 21 years as president.

The Federal Reserve Board released its second annual round of stress tests mandated by the Dodd-Frank Act on Thursday, providing a glimpse into how the country's biggest firms would fare under a hypothetical economic crisis.

WASHINGTON — The Consumer Financial Protection Bureau released a report Thursday showing consumers are being "hounded" by debt collectors, adding more fuel to the fire in the agency's efforts to crack down on the industry's bad actors.

Activist investor Carl Icahn, who has been calling for eBay to spin off PayPal, is now asking for eBay to conduct a partial initial public offering of the payments processor.

QR codes, which are commonly used in mobile wallets to link to a consumer's payment account, can just as easily link to phishing sites, malware and other nasty surprises.

Federal Reserve Board Chair Janet Yellen on Wednesday suggested policymakers could begin to lift interest rates roughly six months after the central bank winds down its bond buying program this fall — a timeline that pointed to spring of 2015.

Regulators are laser-focused on compliance, particularly when reviewing merger applications. Associated, recently freed from an enforcement action, could use its clean bill of health to woo sellers.

Consumer advocates clashed with representatives of the data broker industry about whether to regulate certain kinds of credit scores and other data that may fall in between the cracks of existing laws.

Discover Financial Services awarded Chief Executive Officer David Nelms a 2013 cash bonus that was 38 percent less than the previous year.

This behind-the-scenes attempt to shut down legal tribal businesses represents a total departure from more than a century of respect for, and engagement with, tribal governments as partners and co-regulators on issues ranging from law enforcement to economic development to education.

WASHINGTON — The Federal Reserve Board on Wednesday took yet another step in unwinding its bond buying program, paring it to $55 billion.

Benjamin Lawsky, the head of New York's Department of Financial Services, on Wednesday called for regulators to hold individuals responsible for recent industry scandals. He also warned that his agency may ban some banks from certain businesses over money-laundering violations.

The Federal Reserve Board has terminated a written agreement with Remer Bancorp. in Minnesota.

Operation Choke Point prosecutors were poised to resolve their first lawsuit against a bank, but then they ran into a federal judge in North Carolina with a fondness for citing "The Sopranos" and a deep skepticism of financial services and the settlement deal.

International Bitcoin businesses have been sizing up the African market for some time, but they face massive regulatory hurdles throughout much of the continent.

Details in recent legislation unveiled by Sens. Tim Johnson and Mike Crapo are stoking fresh concerns among Fannie Mae and Freddie Mac shareholders now embroiled in lawsuits over their share of profits from the mortgage giants.

The organization that runs the automated clearing house network wants to phase in same-day payments in three stages, but backers of a speedier system say the plan -- the second such effort in two years -- still is not enough.

Banks and credit unions are more worried about regulatory and risk management pressures than they were a year ago, according to a new report from Wolters Kluwer Financial Services.