Law and regulation

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

The predictions have begun about when Federal Reserve Board Chairman Ben Bernanke will step down and what he will do afterward. Here's one humorous theory.

WASHINGTON — Sen. Sherrod Brown, D-Ohio, is asking regulators to provide better oversight of independent consultants hired by financial institutions after the state of New York cracked down on Deloitte Financial Advisory Services earlier this week.

Getting new credit cards in the hands of emerging market consumers requires unique processes that ensure timely and compliant delivery.

Given the robustness of trade in some large urban areas, it is entirely possible to earn a living from buying and selling bitcoin

Women in Housing and Finance has elected a new board of directors for the group's 2013-2014 calendar cycle.

The Onion, a satirical news site, reported that chief executives from the largest financial institutions "are just about ready to completely destroy the world again."

Bank trading revenues jumped to $7.5 billion in the first quarter, marking the fourth highest level on record, the Office of the Comptroller of the Currency said Friday.

A final rule was released late Thursday by the Office of the Comptroller of the Currency extending the deadline for banks to comply with a requirement that limits credit exposure per customer.

The Federal Deposit Insurance Corp. has charged nine former directors of Southern Community Bank in Fayetteville, Ga., with approving risky loans that later led to its collapse in 2009.

The U.S. Chamber of Commerce is accusing the Consumer Financial Protection Bureau of breaking the law in collecting detailed information on individual credit-card accounts.

American Express Co. named McKesson Corp.’s Jeffrey C. Campbell as chief financial officer.

WASHINGTON — The Office of the Comptroller of the Currency released a final rule late Thursday that extends the deadline for banks to comply with a requirement that limits credit exposure per customer.

Fonetic, a Spanish company that provides speech analytics and voice recording software for compliance purposes, arrived on Wall Street Thursday.

The most aggressive enforcer of federal sanctions law may now be New York State. At home and overseas, this could cause a lot of people a lot of problems.

The Senate Banking Committee will hold a confirmation hearing on June 27 for North Carolina congressman Mel Watt to lead the Federal Housing Finance Agency.

Freddie Mac plans to eliminate a $7,500 annual low-activity fee that has met with a backlash among rural banks that sell a small number of loans each year to the government-sponsored enterprise.

According to Federal Reserve Board Chairman Ben Bernanke, several critical rules under the Dodd-Frank Act will be released in the upcoming months.

White House efforts to promote voluntary sharing of information about cyber threats among banks represent "an important step" but a presidential directive cannot substitute for a law, Treasury Secretary Jack Lew said.

It is time to put an end to the misuse of companies to evade taxes and advance criminal purposes.