Law and regulation

"It would have made a lot more sense to bring back Glass-Steagall," a pre-and-post crisis risk manager tells American Banker Editor in Chief Neil Weinberg, while discussing Washington’s Dodd-Frank solution.

PNC Financial Services received a subpoena regarding the return rate for its payment-processor clients from the U.S. Department of Justice.

Excavators have begun tearing down 1,500 dilapidated homes in Flint, Mich., in an attempt to lift the housing market. The funding for the work comes from a surprising source — the Hardest Hit Fund of the Troubled Asset Relief Program.

The Office of the Comptroller of the Currency shuttered the $130 million-asset Millennium Bank in Sterling, Va., while Pennsylvania state regulators closed the $63 million-asset Vantage Bank in Horsham, Pa.

Evidence of fraud at Citigroup's Mexican unit may be endangering its reputational recovery from the financial crisis, and has prompted unusually blunt, and angry, public language from CEO Michael Corbat.

Union Bank in San Francisco and its Japanese parent company plan a series of changes to its corporate names and structure, all in response to the Federal Reserve Board's plan to overhaul the way it supervises foreign banks.

WASHINGTON -- Eugene Ludwig, founder of Promontory Financial Group and former Comptroller of the Currency, was recognized Thursday evening by the Foreign Policy Association for his contributions to financial services.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

The Treasury Department is searching for a bank to support the government's new retirement savings bond program.

Global banking regulators should increase their focus on uniform capital standards and be less flexible about how risk-weighted assets are calculated, according to consultant Mayra Rodríguez Valladares. She spoke with American Banker about how to strengthen the banking system by giving the Basel committee "more credibility."

Comedy Central's fake-news host jokes that embattled exchanges like Mt. Gox should "institutionalize" their mishaps like the big banks do.

The three-year statute of limitations from when bank failures peaked has already passed, and yet filings of Federal Deposit Insurance Corp. suits against former officers and directors continue to grow.

The Republican-led House approved a bill Thursday evening that would drastically alter the structure of the Consumer Financial Protection Bureau.

Consumers facing mortgage trouble want help and are looking everywhere for it. Paying close attention to where and how homeowners seek information is how the servicing industry will put itself on the fast track to a better reputation.

Some governments are getting into the digital currency game, offering their own alternatives to cash with traits that differ in meaningful ways from cross-border cryptocurrencies like Bitcoin.

The National Fair Housing Alliance is accelerating efforts to force mortgage lenders, servicers and trustees to do a better job of maintaining foreclosed properties in minority neighborhoods.

After pressure from Sen. Elizabeth Warren, Fed Chair Janet Yellen said she agreed with a proposal to require the central bank's board to vote on significant enforcement actions.

Credit unions' tax exemption looks safe again this year on Capitol Hill, but that didn't stop the American Bankers Association from mounting an intense advertising and lobbying attack that also served as rallying cry for the Credit Union National Association.

Calling Bitcoin a "payment innovation," Fed Chair Janet Yellen said it is not easy to supervise the digital currency because "there's no central issuer or network operation."

Federal Reserve Board Chair Janet Yellen said today that the central bank does not have the power to supervise Bitcoin, the most widely-recognized digital currency.