Law and regulation

Financial software company Misys has boosted its retail banking offerings by purchasing IND Group for an undisclosed price.

CUNA is confirming what several analysts have already told Credit Union Journal: that NCUA's proposed new risk-based capital rule will cost many credit unions a lot more to maintain healthy capital cushions needed for growth-in fact, a net $7.3 billion more.

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Banks are looking at a regulatory plan to dramatically expand the data collected on mortgages as a potential ally in their battle to ease separate rules that they say will curb access to credit.

Researchers for the U.S. Postal Service inspector general's office are making the case that an agency rooted in delivering mail and selling stamps can help Bitcoin go mainstream.

Sen. Elizabeth Warren, D-Mass., continued her drumbeat this week to send bankers to prison, warning regulators that their lax enforcement is encouraging banks to keep breaking the law.

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

A flurry of Capitol Hill hearings reflect a renewed focus on legislation to protect Americans' from credit and debit card cyber-attacks. Washington Bureau Chief Rob Blackwell discusses where legislators and regulators appear to be headed and when new laws are likely to be enacted.

Blythe Masters, JPMorgan Chase's commodities head, withdrew from an advisory committee of the U.S. Commodity Futures Trading Commission a day after her appointment was disclosed, according to two people with direct knowledge of the decision.

Bitcoin's earliest adopters used to launch scathing criticism at the U.S. for being the first to regulate digital currency in 2012, but their ire seems to have cooled off.

The Consumer Financial Protection Bureau is weighing whether to vastly increase the data collected under the Home Mortgage Disclosure Act in an effort to better monitor trends and abuses in the market.

Blythe Masters, head of JPMorgan Chase & Co. (JPM)'s commodities division, is joining an advisory committee of the U.S. Commodity Futures Trading Commission, said Steve Adamske, a spokesman for the regulator.

The New York regulator questioned Ocwen's ability to handle more volume after an independent monitor reviewed the mortgage servicer's operations, a person familiar with the situation says.

It was a disappointing finish Wednesday for Consumer Financial Protection Bureau Director Richard Cordray, who appeared for the second time on the popular game show "Jeopardy!"

Regulators will soon finalize their plan to establish a new leverage ratio and it is likely to be tougher than a recently implemented global standard, top officials said Thursday.

Money market funds possess trillions of dollars of short-term institutional investor funds. Now the SEC’s proposed rule change for the industry may give banks an opportunity to attract institutional depositors with cash management offerings.

Fannie Mae and Freddie Mac are not properly using a web portal developed to collect and screen appraisal information in order to minimize losses, according to an audit released Thursday.

A Connecticut man has been sentenced to 18 months in federal prison for his role in a mortgage fraud scheme that cost financial institutions millions of dollars.

During a House Financial Services Committee hearing featuring top regulatory officials, lawmakers repeatedly returned to the question of whether the five agencies involved in writing the Volcker Rule can enforce it consistently across the various entities they oversee.

The Basel Committee on Banking Supervision has signaled that more changes for the leverage ratio, risk weights, and Pillar III will (eventually) be implemented. But it has yet to address operational risk and data collection issues.