Law and regulation

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.

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

A new group of merchants, including Delta Airlines, Emerald Foods, Callaway Golf Sales, Duke Energy, Men's Warehouse, MGM Resorts and Travelocity, filed suit in federal court Aug. 13 claiming Visa and MasterCard are violating the Sherman Antitrust Act by operating under identical rules for card acceptance.

Simplification of the Basel capital rules — the topic of my first post — will get a full airing at the Salzburg Global Seminar's upcoming confab.

The Occupy Wall Street protests a few years ago set the stage for the coming return of fair-lending gadflies like the "mother of CRA," Gale Cincotta.

Two former JPMorgan Chase & Co. (JPM) employees were charged by U.S. prosecutors with attempting to conceal trading losses at the largest U.S. bank last year as part of a probe of its $6.2 billion loss on derivatives bets.

House Financial Services Committee Chairman Jeb Hensarling is "cautiously optimistic" that the House will vote this fall on his bill to reform the mortgage finance market and hold a conference with the Senate to resolve policy disagreements.

A former Bank of America (BAC) executive whose work on mortgage bonds is the subject of lawsuits by the Federal Housing Finance Agency and the Justice Department was hired by Fannie Mae months after the claims began to surface.

The Federal Trade Commission has proposed additions to the Telemarketing Sales Rule that could have unintended consequences for the underbanked.