Law and regulation

The SEC is still working on rules for compensation clawbacks, but some banks have adopted stricter policies in response to pressure from activist shareholders like the New York City comptroller's office.

The European trend to restrain CEO pay is gaining momentum in the U.S. It suggests the double-digit raises that American bank bosses have enjoyed the past few years may not last.

The two U.S. bank subsidiaries of The Royal Bank of Scotland Group were hit with regulatory fines totaling nearly $14 million on Tuesday for what authorities called misleading marketing of their overdraft protection programs.

Merchants have a vastly different receptiveness and understanding of the U.S. conversion to EMV-chip payment cards, and VeriFone is taking a diverse approach to appealing to them all.

Taxicab drivers and their passengers will soon be able to test new mobile hailing and payment systems, following the launch of an e-hailing pilot program and updates to New York City’s regulations for in-car payment terminals.

The Consumer Protection Bureau's final rule issued Friday is meant to explain how the agency would use its Civil Penalty Fund, which holds money collected as a result of fines against financial institutions.

The Consumer Financial Protection Bureau (CFPB) has changed parts of the CARD Act that the bureau said was making it harder for some "stay-at-home parents" to get credit cards.

A Treasury Department official urged the U.S. financial-services industry to help the government identify cybersecurity threats to limit "technology's potential for disruption and destruction."

Though the Brown-Vitter bill faces challenges from the Obama administration and from the leadership of both parties, it is likely to have an impact on the largest financial institutions either way, as some of the bill's central ideas may pass the opposition.

WASHINGTON — The Consumer Financial Protection Bureau Monday finalized its rule to help stay-at-home partners get a credit card.

Tens of thousands of homeowners who took out mortgages with Goldman Sachs and Morgan Stanley will begin to receive their settlement payments this week for botched foreclosure practices.

With a federal moratorium on commercial ownership of industrial loan companies coming to an end, the question of whether retailers and other nonfinancial firms should own banks has been turned on its head in the wake of the crisis and Dodd-Frank.

A heightened regulatory focus may be a direct result of early positioning as a business distanced from the rest of the payments industry, which may be keeping more banks from offering prepaid products.

The Federal Deposit Insurance Corp. is seeking $41 million in a lawsuit filed against two former executives of Lynnwood, Wash.-based City Bank, which failed in 2010.

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.