Law and regulation

The consumer agency has listened to agency concerns and issued reasonable, measured rules, but it still faces charges that it's unaccountable and out of control.

Three years ago, Visa executives told investors that one of their goals was to enter new businesses, but Visa CEO Charlie Scharf, who joined the company in October, says that is no longer the case.

As the government banishes home loan products deemed unsuitable for most borrowers, why does it continue to backstop one that’s pitched to aging seniors – mainly by nonbank lenders?

The $42 million pact is the first of its kind to resolve complaints that a mortgage servicer treated foreclosed homes differently based on the racial composition of the neighborhood.

The industry is up in arms over a proposal that would require banks to disclose in call reports specific sources of fee revenue. In question is whether the mandate would improve oversight of safety and soundness or instead is aimed at furthering the policy agenda of the Consumer Financial Protection Bureau and consumer advocates.

It's not just the anonymity. Like cash and Bitcoin transactions, Liberty Reserve transfers were non-reversible, and that's important to certain merchants.

Law enforcement officials have arrested 11 people suspected in a $200 million global credit card fraud operation, according to the Serious Organized Crime Agency, a unit of the British government.

Banks' defense against litigation over the sale of bad mortgage-backed securities to Fannie and Freddie hinges on the unseemly idea that it is unreasonable to assume that the world's largest banks would comply with the Securities Act of 1933.

Law enforcement officials have arrested 11 people suspected in a $200 million global credit card fraud operation, according to the Serious Organized Crime Agency, a unit of the British government.

In a final rule meant to limit the systemic effects of company failures, the Federal Deposit Insurance Corp. defined which financial firms are subject to Dodd-Frank resolutions.

The Securities and Exchange Commission's long-awaited proposal to reform the money market mutual fund industry has left observers wondering whether the agency compromised too much in an effort to get a plan out the door.

American International Group Chief Executive Officer Robert Benmosche said that living wills, designed to help unwind struggling financial firms, may lead to international disputes.

The fees Fannie and Freddie charge to cover credit risk on mortgages have been surging. Large segments of the market may soon be fair game for securitization without federal backing.

American Banker's Editor-at-Large Barbara Rehm explains why the next 18 months are critical to the financial industry and why federal regulators must finish the majority of Dodd-Frank provisions by the end of 2014.

Consumer loan demand continued to rise in recent weeks as bankers noted increases in car and new home purchases, according to a survey released Wednesday by the Federal Reserve Board.

Overseas-based banks won leeway in Dodd-Frank Act requirements to separate swaps trading from U.S. branches under a Federal Reserve policy released today.

Microsoft Corp. is now using the processor WorldPay's alternative payments program to increase adoption in China.

The Commodity Futures Trading Commission has sued U.S. Bank for its role in the Peregrine Financial collapse, alleging that it failed to properly handle the failed brokerage's customer accounts.

The House Oversight Committee is pressing the Federal Housing Administration for more details on its financial picture after learning that the insurer's unfunded liability could potentially be nearly nine times higher than it previously disclosed.

To survive, Bitcoin businesses will have to do more than "de-anonymize" their operations. They will also have to cope with the loss of the digital currency’s most fundamental characteristic: irrevocability.