Law and regulation

The number of community banks under enforcement actions fell in January, as the Federal Deposit Insurance Corp. ended 16 orders and issued five on the month.

JPMorgan Chase (JPM) is raising another round of questions about a lawyer who works for the New York attorney general, which has sued the company over the mortgage conduct of Bear Stearns.

The Federal Reserve Board said Friday it will give stakeholders more time to comment on a proposal that would overhaul the way the U.S. central bank supervises foreign banks operating in the U.S.

The National Grocers Association said its board voted to opt out of a multibillion-dollar antitrust settlement with Visa Inc. and MasterCard Inc. over merchant fees.

The market should pay more attention to whether banks are adequately capitalized for unabated fraud, such as misrepresentations of securities or insider trading, settlement complications and other operational failures.

Forcing the networks to let merchants surcharge for card payments will remove the advantage of retailers that accept only cash or other alternatives such as Bitcoin.

First Sound Bank (FSWA) in Seattle has bought back its Troubled Asset Relief Program shares after raising nearly $8 million.

The CFPB's attempt to help struggling student borrowers is tackling the right problem — $1.1 trillion in outstanding loan debt — but can't affect 85% of that figure, which is in federal loans.

Consumer advocates remain frustrated with servicers for not offering more principal write-downs and loan modifications to help borrowers stay in their homes.

The Consumer Financial Protection Bureau is seeking public comment on the most beneficial ways for Congress and regulators to step in and aid distressed student loan borrowers.

The Consumer Financial Protection Bureau said Thursday it was requesting public comment on the best ways for Congress or regulators to help struggling student loan borrowers.

Total System Services Inc. will begin processing LINK ATM transactions throughout the United Kingdom this year.

At its annual party, the scandal-buffeted British bank bid goodbye to the "exciting and unpredictable" Year of the Dragon and welcomed in the Year of the Snake.

George Washington is a great role model for kids and might have had second thoughts about today's financial forms, says Frank Keating, the CEO of the American Bankers Association and author of a kids book about the first president.

An advisory council warned the Consumer Financial Protection Bureau that borrowers are still at risk from small-dollar loans with high fees and roll-over debt.

A federal court halted an operation that allegedly used an intricate web of concealment to debit hundreds of thousands of consumers’ bank accounts and bill their credit cards more than $25 million without their consent.

Will the Financial Stability Oversight Council be successful at spotting threats before they cause a financial crisis or will it instead create "regulatory hazard" in the form of a false sense of security?

Short sales continue to dominate relief efforts under the national mortgage settlement, and Californians continue to receive the bulk of the benefits.

A former leader of a Mormon congregation in Connecticut has pleaded guilty to charges he laundered hundreds of thousands of dollars through a bank that received funds from the Troubled Asset Relief Program.

Banks, already way long on deposits, will end up paying even lower rates as funds flood in if money market mutual funds are forced to use floating net asset values.