Law and regulation

Richard Cordray, the Consumer Financial Protection Bureau's normally unflappable director, reacted angrily Tuesday to suggestions by lawmakers that he and his agency do not care about borrowers who purchase manufactured housing.

Japan, Germany, the United Kingdom and New Zealand are among the countries where local post offices provide a wide range of banking services.

The Senate voted to begin debate Monday night on legislation that would delay flood insurance premium increases for some homeowners.

Southern First Bancshares (SFST) in Greenville, S.C., used a private placement to convert preferred stock tied to the Troubled Asset Relief Program into common stock.

Charlie Shrem, the digital currency entrepreneur indicted on money laundering charges, has resigned as vice chairman of the Bitcoin Foundation.

New York's financial regulator today said that the state will propose regulations for oversight of virtual currencies such as Bitcoin this year.

Benjamin Lawsky, New York's financial regulator, today said that the state will propose regulations for oversight of virtual currencies such as Bitcoin this year.

Community banking representatives met with hostility a recommendation that the U.S. Postal Service consider offering financial services. The proposal raises questions about whether the Obama administration is trying to circumvent Congress and replace payday lenders with a government entity. American Banker staffers discuss.

Does Bitcoin require its own set of regulations, or can businesses that trade in the virtual currency and payment system be policed effectively under existing rules?

The Consumer Financial Protection Bureau issued a three-page advisory Monday in response to recent card and data breaches, encouraging consumers to monitor their accounts for unauthorized charges or debits.

Zions Bancorp. (ZION) in Salt Lake City reported a quarterly loss after recording charges tied to its portfolio of collateralized-debt obligations.

Bankers and their representatives harshly criticized a call for the U.S. Postal Service to offer financial products like debit cards and remittances to underbanked consumers, saying it was a dangerous and foolhardy idea.

Freshman Rep. John Delaney is said to be considering a gubernatorial run in Maryland but he said Saturday that he plans to stay in Congress.

The JPMorgan Chase chief’s recent raise is sure to reignite debate over executive compensation and how bank CEOs should be judged.

Authorities arrested the former CEO of a defunct Bitcoin exchange company on charges of conspiring to launder more than $1 million for users of the online drug market Silk Road.

Authorities arrested the former CEO of a defunct Bitcoin exchange company on charges of conspiring to launder more than $1 million for users of the online drug market Silk Road.

The Postal Service could raise $8.9 billion annually by offering reloadable debit cards, loans, remittances and other financial services products that target the underbanked, according to a report issued Monday by the agency's Office of Inspector General.

Tim Pawlenty, president and chief executive of the Financial Services Roundtable, is urging Congress to pass information-sharing legislation and toughen requirements on retailers in the wake of the major data breach at Target.

Sheila Bair, who ran the Federal Deposit Insurance Corp. during the financial crisis, will become an independent director for the Spanish banking powerhouse.

Federal legislation is needed to enhance cyber-threat information sharing so that good-faith responsive actions and information sharing will not trigger legal liability.