Law and regulation

North Carolina Attorney General Roy Cooper filed a lawsuit against Advantage Debt Solutions Inc., a Charlotte, N.C. debt settlement firm, for charging upfront fees while failing to deliver any services.

Banking, mortgage rules on the agenda at statehouses around the country.

Many companies in the payments industry have strong, influential women as top executives. These women rarely had a clear path ahead of them when they started out.

Regulators shut down Douglas County Bank in Douglasville, Ga., and Parkway Bank in Lenoir, N.C. Between them they had assets of $425 million and will cost the Deposit Insurance Fund an estimated $105 million.

First Financial Northwest (FFNW) in Renton, Wash., has been freed from an enforcement action.

The Federal Deposit Insurance Corp. took enforcement actions against six banks last month that tied to their capital, compliance and financial condition, according to a series of orders released Friday.

To avoid unwanted scrutiny from the Consumer Financial Protection Bureau and other regulators, banks need to start thinking about "what is fair, not just what is legal," banking attorneys say.

The Consumer Financial Protection Bureau issued a rule Friday attempting to clarify how it would use its Civil Penalty Fund, which holds money it collects as a result of fines against financial companies.

WASHINGTON – A bipartisan group of lawmakers is looking to amend a lending provision that classifies certain types of loans used to purchase manufactured housing as predatory.

BNC Bancorp (BNCN) in Thomasville, N.C., plans to buy back its Troubled Asset Relief Program shares from investors who bought them in a Treasury Department auction last summer.

As the Consumer Financial Protection Bureau works on finalizing mortgage rules, Kelly Cochran, the assistant director for regulations, says it is taking concerns about burdens on small lenders and access to credit "very seriously."

The Brown-Vitter bill on "Too Big to Fail" faces significant challenges to passage, yet it is likely to have an impact on big banks and regulation anyway. Here's why.

Unrealistic capital requirements and strict deadlines would force megabanks to sell assets, removing their value from the U.S. and global economies permanently.

The Financial Stability Oversight Council, established by Title I of the Dodd-Frank Act, identified seven significant areas of concern on Thursday that policymakers need to address in order to contain threats to the U.S. financial system.

A system where ratings are assigned to a nationally recognized statistical ratings organization by an independent public utility offers the best shot at avoiding another secondary mortgage market meltdown.

Texas Attorney General Greg Abbott's office has charged a Dallas-based debt management firm with defrauding customers by marketing its services through a now-defunct Web site and direct customer emails.

People — and payment companies — are starting to take Bitcoin seriously.The decentralized virtual currency is overcoming its stigma as a fringe currency for illegal transactions and is stirring up consumer scrutiny of the practices of large payment providers. The payments industry is changing rapidly, but today the movement isn't about payments — it's about data.

Federal Reserve Board Gov. Daniel Tarullo is not backing a "too big to fail" bill introduced by Sens. Sherrod Brown and David Vitter this week and doesn't plan to, either.

The Obama Administration asked the Supreme Court on Thursday to reverse a federal appeals court decision that nullified its recess appointments to the National Labor Relations Board.

The Financial Stability Oversight Council on Thursday identified several significant areas of concern, including operational risks like cybersecurity, overreliance on wholesale funding, and the impact of low interest-rates.