Law and regulation

The Museum of American Finance on Wednesday opened its exhibit "The Fed at 100." It features artifacts and photographs that highlight the history, culture and social impact of the central bank, including this image of a New York Fed employee updating trading data on a giant chalkboard.

The problem isn’t evil prepaid companies and employers, but, rather, a lack of awareness and education about the products and options that are available.

Sen. Elizabeth Warren hinted at her views on GSE reform briefly Thursday, though it's still unclear whether she will support a bill introduced this summer by Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va.

American Banker's Regulatory Symposium in Washington included several top regulatory, legislative and industry officials, including Comptroller of the Currency Tom Curry, HSBC USA CEO Irene Dorner, and Sen. Bob Corker, R-Tenn. Following are the highlights of their remarks.

As payments technology evolves, some are urging the Federal Reserve Board to take a leadership role in establishing guidelines and standards — whereas others are quick to argue against the notion.

Seacoast Banking Corp. of Florida (SBCF) in Stuart, Fla., has been released from all enforcement actions with the Office of the Comptroller of the Currency.

The FHA is expected to announce at the end of this month that it will need a bailout for the first time in its 79-year history.

The Federal Reserve Board announced Tuesday that banks with assets of less than $50 billion will have one year before they must adhere to Basel III standards for their stress tests and capital plans.

Certain conclusions can already be drawn about the effort to unwind Fannie Mae and Freddie Mac and set up an entirely new housing finance system, including whether it will include a controversial government guarantee.

The Justice Department is pressuring banks under investigation for their ties to online lenders to reach a settlement soon, according to four industry sources familiar with the matter.

For each step toward Wall Street reform, the government has taken at least a half-step back. And there are signs another Gilded Age may be upon us.

Banks can report suspected elder financial abuse to authorities without violating privacy provisions under the Gramm-Leach-Bliley Act, according to guidance issued by seven federal regulators Tuesday.

Five years after the financial crisis, the new regulatory regime remains a work in progress but one that's created a major burden for the industry. Here are some of the main takeaways from banking leaders and policymakers who gathered this week to discuss the state of affairs at American Banker's Regulatory Symposium in Washington, D.C.

Irene Dorner, chief executive of HSBC USA, agrees with the frustrations of many bankers that regulators are taking too long to write the rules designed to prevent the next financial crisis.

Banks with assets of less than $50 billion will get a one-year reprieve from making their stress tests and capital plans adhere to Basel III standards, the Federal Reserve Board said Tuesday.

The CEO of HSBC USA says that stricter regulation is crucial to strengthening the banking system and winning back customers' trust, but she remains frustrated by the glacial pace of the rulemaking.

According to Consumer Financial Protection Bureau Director Richard Cordray, banks can expect changes to federal reporting requirements for mortgage data.

The GAO should focus on the gross benefit of being "too big to fail", not the benefit net of fines, penalties and regulatory burdens.

A senior executive at OFG Bancorp (OFG) in San Juan, Puerto Rico, is moving to the top ranks of the Federal Home Loan Bank of New York.

Revisions to banks' duties under the Home Mortgage Disclosure Act are coming soon, and they are meant to "ease the operational and technological burdens" of banks, the head of the Consumer Financial Protection Bureau said.