Law and regulation

Operation HOPE's John Hope Bryant and Gallup CEO Jim Clifton offer up an idea for bankers who want to spread financial literacy.

A legal battle between banks and contractors in Illinois has now turned into a legislative fight, with bankers trying to derail a proposed bill that they claim would jeopardize construction.

During three decades in Congress, Barney Frank reached across the aisle to tackle big problems and craft groundbreaking legislation.

WikiLeaks founder Julian Assange accused two members of Congress of pressuring MasterCard and Visa to block payments to his group after it published thousands of confidential messages.

The House Republican Steering Committee officially recommended the Texas lawmaker for chairman of the House Financial Services Committee on Tuesday.

West Virginia lawmaker Shelley Moore Capito may step up her activity on the House banking panel this coming term, as she makes a run for Sen. Jay Rockefeller's seat in 2014.

The tentative approval of Visa and MasterCard’s proposed $7.25 billion settlement of a merchant fee price-fixing case will be challenged in a federal appeals court, according to a notice filed by objecting plaintiffs in Brooklyn, New York.

The Consumer Financial Protection Bureau says it will propose changes to the remittance rule to ease burdens on community banks. It is also delaying its implementation by an additional 90 days.

Senate Majority Leader Harry Reid has sponsored a stand-alone bill to give the Transaction Account Guarantee program another two years, but its passage is not a slam dunk.

A report issued Tuesday by CardHub.com says that the Fed set an "embarrassingly low bar" for issuer disclosures.

These banks have outperformed industry averages for years and continued to do so in 2012, avoiding the exceptional losses that often follow exceptional returns.

WikiLeaks lost more than $50 million in potential donations after Visa Europe, MasterCard and American Express blocked payments to the anti-secrecy group, according to its founder Julian Assange.

Banking associations are mounting another push to keep the Senate from voting on a bill to raise the cap on credit union business lending.

Regulators released new details on how they will enforce restrictions on charter swaps by troubled banks writes American Banker's Joe Adler.

An increased cap would almost certainly lead large institutions, hungry for short-term profits, to take greater risks that they are ill-equipped to handle.

Taxpayers should not be paying to increase homeownership or to boost home prices. With interest rates low, lenders can charge for risk and homeowners can pay for it.

Regulators released new details on how they will enforce restrictions on charter swaps by troubled banks.

A federal court has ordered a European-based operation to pay more than $10.2 million for tricking small businesses and nonprofit organizations into paying for unwanted listings in online business directories.

The Senate Banking Committee may be poised to amend Dodd-Frank next year and begin work on other issues, like mortgage finance reform.

Take care of your management team last, not the other way around. Vet new ideas through risk management and audit committees, not the marketing and sales department. Manage incentive compensation around risk-adjusted performance metrics.