Law and regulation

New York banking regulator Benjamin Lawsky has spent the summer expanding his office's already weighty influence. Now he's taking a break from his rapid-fire filing of new actions.

The European Commission says the phone company and banks involved in a mobile commerce joint venture in Spain can move forward because they are not violating anti-competition rules.

Regulators have lifted an enforcement action against Eastern National Bank in Miami, according to a report.

A federal judge raised the possibility that banks will have to repay billions of dollars to merchants, but legal experts say the court lacks the authority to enact such an order.

In preparation of the mortgage rules due to take effect next year, the Consumer Financial Protection Bureau released updated exam procedures on Thursday.

New York Department of Financial Services Superintendent Benjamin Lawsky discusses what he regards as right and wrong with financial services, the perils of taking on too many regulatory challenges and why so few top executives have faced the long arm of the law.

WASHINGTON — The Consumer Financial Protection Bureau issued updated exam procedures on Thursday for a slew of mortgage rules due to take effect next year.

The Federal Reserve Board has terminated enforcement actions with Marquette Financial in Minneapolis and Bank of Virginia in Midlothian.

A court ruling that debit card fee caps be lowered could also enable merchants to play card networks against one another.

The Federal Reserve Board has unanimously approved acquisitions by Hana Financial Group in Seoul, Korea, and Live Oak Bancshares in Wilmington, N.C.

Most policymakers agree that Fannie Mae and Freddie Mac should be unwound and replaced with a system more dependent on the private market, but cleaning up the failed government-sponsored enterprises will be a challenge unlike anything attempted before.

A response to Bill Isaac's Aug. 13 post, "Why Payday Loans are Good for Millions of People."

JPMorgan Chase (JPM) expects to be fined by authorities in the U.S. and U.K. over last year's $6.2 billion trading loss, which led to criminal charges against two former employees, said a person familiar with the matter.

Athene Holdings has agreed to increase the protections it offers annuity customers in order to secure a New York regulator's approval of its planned acquisition of the British insurer Aviva.

Benjamin Lawsky, who runs the New York Department of Financial Services, has become a top industry cop, taking on money launderers, payday lenders and even Bitcoin. In an interview, he discusses the need to break new ground while playing nice with federal regulators.

Mobile payments provider Square Inc. faces fines of $507,000 from Florida regulators for operating in the state without a money transmitter license.

Florida regulators have fined the payments startup Square $507,000 for operating in the state without a money transmitter license.

The Summers vs. Yellen scrum is a fascinating nomination contest, and not just for the obvious reasons.

U.S. District Judge for the District of Columbia Richard Leon warned attorneys representing the central bank he wanted a clear answer on the Fed's position on issuing an interim final rule dictating allowable fees for debit card transactions and how quickly it could be completed.

The U.S. Federal Reserve was given a week to tell a federal judge its position on immediately rewriting regulations setting debit card swipe fees after a court found the current rule unlawful.