Law and regulation

The Federal Reserve Board now demands that big banks proactively manage reputational, strategic and compliance risks – qualitative things they traditionally viewed as outside their control. The new discipline will serve banks well.

The U.S. Federal Reserve’s rules for debit-card transaction fees and processing will remain in place while the central bank appeals a decision throwing out the regulations, a judge said.

Groupon Inc. lost a bid for dismissal of a lawsuit complaining the company misled investors about its financial performance before its initial public offering in November 2011.

The Museum of American Finance is dedicating its largest exhibit ever to an examination of the Federal Reserve System's history, culture and role in the U.S. over the past 100 years.

The Consumer Financial Protection Bureau and the Department of Justice are examining the lending operations of major auto manufacturers for possible discrimination in lending, according to regulatory filings and three people briefed on the inquiry.

WASHINGTON — Prudential Financial Inc. became the third nonbank firm on Thursday to be designated as a risk to the financial system by a group of regulators.

In an agreement hailed by consumer advocates, JPMorgan Chase consented to a major overhaul of its debt collection and debt sale practices.

The Boston City Council unanimously passed a bill Wednesday aimed at improving banking practices in low- and moderate-income neighborhoods.

The various orders, fines and acknowledgements of guilt made by JPMorgan Chase on Thursday over the London Whale and other issues will have enormous implications for the rest of the industry. Here's why.

Midsize players will seek to increase geographic coverage, acquire deposits with little-to-no premium and attract clients away from their competition through mergers and acquisitions.

Just hours after agreeing to pay $910 million in regulatory fines related to the London Whale trading scandal, JPMorgan Chase agreed Thursday to repay $309 million in restitution to customers harmed by its credit card practices as well as face an additional $80 million more in civil money penalties.

New York state regulators have proposed a sweeping set of rules to reform the force-placed insurance industry, in the latest sign that the government is taking steps to correct what critics call an abusive industry practice that overcharges homeowners.

Just hours after agreeing to pay $910 million in regulatory fines related to the London Whale trading scandal, JPMorgan Chase agreed Thursday to repay $309 million in restitution to customers harmed by its credit card practices as well as face an additional $80 million more in civil money penalties.

Just hours after agreeing to pay $910 million in regulatory fines related to the London Whale trading scandal, JPMorgan Chase agreed to repay $309 million in restitution to customers harmed by its credit card practices as well as face an additional $80 million more in civil money penalties.

Sevier County Bank in Tennessee decided its loyal customers are its best promotion and created an interactive blog about their experiences with the bank, including the story of one woman who goes 20 miles out of her way to keep banking there.

Regulators need to get cracking on Dodd-Frank rules, and the Fed needs a chairman who understands the impact of policies on the middle class.

The New York bank has agreed to pay a giant settlement to Washington regulators in a bid to put its London Whale trading debacle behind it. However, the deal is likely to raise as many questions as it answers and will by no means put to rest the bank's many legal and regulatory problems. American Banker editors discuss.

The Office of the Comptroller of the Currency has slapped JPMorgan Chase with a cease and desist order related to the bank's debt collection practices and its failure to comply with the Servicemembers Civil Relief Act.

JPMorgan Chase will pay $920 million in regulatory fines related to its London Whale trading scandal, adding to the $6 billion in losses the bank already took as a result of the trades.

AARP wants the Ohio Supreme Court to sanction a collection agency for bringing a lawsuit that the debtor alleges had no legal basis and that also sought damages well beyond those permitted by law.