Law and regulation

The Federal Reserve Board is due in 2014 to unveil an initial plan to clamp down on risks tied to financial institutions' reliance on short-term wholesale funding.

The Federal Deposit Insurance Corp. issued a prompt corrective action against AztecAmerica Bank in Berwyn, Ill., in November and hit two other banks with consent orders.

The Reserve Bank of India (RBI) has issued a warning on the risks of virtual currencies, and the country's largest Bitcoin trading platform has shut down.

WashingtonFirst Bankshares (WFBI) in Reston, Va., is the latest lender to divest securities on concerns about the Volcker Rule's controversial ban on collateralized debt obligations.

A recurring theme for Federal Reserve Banks in 2013 had a familiar - and highly complicated - ring to it for the payments industry. The Fed banks want faster payments in the U.S., but the larger retail banks want to preserve their investments in earlier technology.

Banking regulators have until Monday to respond to a lawsuit filed by the American Bankers Association over the Volcker Rule.

Bankers have almost become used to the intense growth of new rules in the five years since the financial crisis, but some see a light at the end of the tunnel as the agencies inch toward the end of Dodd-Frank rulemakings and the economy improves.

Interest rates will rise sooner or later, and banks should be prepared to manage their risk exposures, according to a new report from the Federal Deposit Insurance Corp.

It should be obvious that no one in his or her right mind would design the bank regulatory system we have today. No third-world country's bureaucracy is so byzantine.

American Express has been ordered by federal regulators to pay nearly $76 million to settle allegations that it used to deceptive marketing and unfair billing practices to sell credit card add-on products to its customers.

Regulators have finalized the Volcker Rule governing banks' trading activity, the industry is likely to legally challenge many of the specifics, says Ingmar Bromstrup, a Principal at The Boston Consulting Group.

The Monetary Authority of Singapore (MAS), the country's central bank, has decided not to interfere with transactions made in the digital currency.

For the second time in a little over a year, regulators have punished the credit card giant for allegedly using deceptive marketing and unfair billing practices in selling add-on products.

American Express has been ordered by federal regulators to pay nearly $76 million to settle allegations that it used to deceptive marketing and unfair billing practices to sell credit card add-on products to its customers.

According to many, 2013 was meant to be the year that policymakers made technical corrections to the Dodd-Frank Act. But that didn't happen — and may not occur in 2014 either. Here's why.

The Federal Reserve is proposing changes required by the Dodd-Frank Act of 2010 to regulations governing its ability to extend emergency lending to struggling financial firms.

Parke Bancorp (PKBK) in Sewell, N.J., has raised roughly $20 million in a private placement.

WASHINGTON - PNC Financial has reached a $35 million settlement with the Consumer Financial Protection Bureau and Department of Justice over allegations that National City Bank - which PNC acquired in 2008 - made higher-priced mortgage loans to minorities.

When Tom Curry was first named as comptroller, there were some doubts about whether he was the right pick to address the industry's problems and the agency's battered reputation. Yet during the past year, Curry has reasserted the OCC's role in banking regulation and appears distinctly more comfortable in his role.

WASHINGTON — The American Bankers Association plans to challenge the Volcker Rule in court unless regulators immediately suspend portions of the controversial regulation that restrict certain collateralized debt obligations of trust-preferred securities.