Law and regulation

With a wave of mergers and acquisitions inevitable, a new set of regulatory hurdles have evolved for large financial entities and community banks alike.

VantageSouth Bancshares in Raleigh, N.C., plans to sell up to $50 million of preferred stock to leave the Troubled Asset Relief Program.

Alex Dunlap, the former director of debt sales for Wells Fargo, has left the bank for Flock Specialty Finance. His move comes after Wells stopped selling unpaid consumer loans to outside buyers and as regulators crack down on banks' debt collection practices.

The former Fed vice chair is a logical alternative to Janet Yellen and Larry Summers. He's got the central bank and industry experience, plus his confirmation would make history.

The Consumer Financial Protection Bureau said Tuesday that it is suing Morgan Drexen, a debt-relief provider, for false marketing a month after the same company filed suit against the CFPB.

The meaning of the term "underbanked" has evolved considerably over the last 30 years, and its definition today makes little sense.

FNBH desperately needs capital after regulators shot down a plan that had a hefty percentage of debt. The company is hoping an equity infusion by a big investor will help it get on track.

Decades in Washington are bound to make any lawmaker a little cynical, but former Rep. Barney Frank says Netflix's hit drama "House of Cards" goes too far.

The Online Lenders Alliance wants the group that manages a U.S. payment system to clarify warnings on illegal use of the network by payday-loan firms, saying the message is posing a threat to legitimate business.

In a sit-down interview with American Banker, Consumer Financial Protection Bureau Director Richard Cordray discussed his Senate confirmation, qualified mortgages, and the future challenges that the agency may face.

Delmar Bancorp is giving up a 40% stake in itself to an outside investor, who will cancel Tarp shares he won in a Treasury auction. The investor will also invest cash and forgive unpaid Tarp dividends.

Reports of suspected fraud received by the Financial Crimes Enforcement Network fell by 25% last year, to just under 70,000, according to the regulator's report on fraud filings for 2012, released Tuesday.

A new Baltimore federal court filing shows that more than $2.9 million was seized by the Department of Homeland Security from Mutum Sigillum LLC, a U.S. subsidiary of Tokyo-based Bitcoin exchange Mt. Gox, in May.

Basel's barely noticed, but important paper on how to measure banks' equity-investments-in-funds risk signals its strong concern with how banks are interconnected to shadow financial firms.

In his first sit-down interview with American Banker since winning Senate confirmation last month, CFPB Director Richard Cordray talks about what he sees as the agency's top accomplishments to date and its biggest challenges ahead.

President Obama held a meeting Monday with financial regulators to discuss the implementation of the 2010 Dodd-Frank Act.

Executives at Evolve Bank & Trust invest in technology to handle commissions and other accounting for mortgages due to stiffer regulatory requirements under the Dodd-Frank Act.

President Obama held a private meeting with financial regulators on Monday to discuss ongoing implementation of the Dodd-Frank Act, emphasizing the need to finalize additional rules quickly.

U.S. regulators have only marginally improved upon the European version of Basel III.

Community bankers must adjust to new mortgage rules the Consumer Financial Protection Bureau issued on Thursday.