Law and regulation

A large shareholder recently sold most of her holdings in First Citizens, giving her uncle's family a majority stake in the family owned company.

WASHINGTON — The Consumer Financial Protection Bureau on Friday specified changes it would like to make to a rule designed to increase regulation of international money transfers.

The House Democratic Caucus named six incoming freshman members of Congress to serve on the Financial Services Committee next year.

The OCC says the decline in foreclosures year-over-year has been largely driven by improving economic conditions and increased effort by servicers to keep borrowers in their homes.

The Consumer Financial Protection Bureau and several state attorneys general won their first joint-case Friday against a debt-settlement company in Florida.

JPMorgan Chase & Co. will be the target of a regulatory enforcement order stemming from mistakes that led to at least $6.2 billion in trading losses, according to a person briefed on the situation.

The OCC told financial institutions to report cyber attacks to law enforcement and alert customers to their impact as new assaults targeted PNC and other banks.

MasterCard Inc., already facing at least 12 U.K. lawsuits after European Union regulators outlawed cross-border card fees, was sued by Deutsche Bahn AG and J Sainsbury Plc.

As an industry, we do not need to be piling new regulations on our own head. When we fail to present a unified front and effectively communicate to professional lawmakers, the result will be ill-conceived laws.

UBS's guilty plea seen as "epic," small banks get a bit of good news, the Consumer Financial Protection Bureau preps for a busy year.

President Barack Obama signed two bills on Dec. 20 that will protect information banks provide to the Consumer Financial Protection Bureau and eliminate a requirement on ATM fee notices.

WASHINGTON — President Obama signed two bills on Thursday that will protect information banks provide to the Consumer Financial Protection Bureau and eliminate a requirement on ATM fee notices.

Incoming House Financial Services Committee Chairman Jeb Hensarling, R-Texas, has named his leadership team for the coming term.

Banks are in danger of "taking excessive risk" in order to boost profits damaged by a slow economy by offering risky new products and lowering underwriting standards, a new report from the OCC said. The fiscal cliff could also take a toll.

CapitalSource (CSE) in Los Angeles said that John Delaney, who was elected to Congress last month, is stepping down as its chairman.

The House is expected to vote as early as Thursday on a bill which is designed to avoid the fiscal cliff. The bill would repeal the government's ability to seize failing financial institutions.

After enjoying strong growth in its credit card business in 2012, Discover Financial Services is investing some of those returns in a more diverse range of products.

We revisit our 10 most popular BankThink posts of 2012, based on audience page views.

Rep. Maxine Waters, who will take over as top Democrat on the House Financial Services Committee next year, is urging the Commodity Futures Trading Commission to delay implementation of certain derivatives rules set to go into effect Jan. 1.

It is not likely manufacturers and owners of ATMs will experience a more interesting – or challenging – year than 2012 any time soon.