Compliance

President Obama signed the Dodd-Frank Act five years ago this month, but the battle over the law's impact and legacy goes on. Several top lawmakers spoke to American Banker about how their views have evolved since the law's passage. Here are some highlights from those conversations.

Key proponents and critics of the 2010 financial reform law commemorated its anniversary by keeping the debate over its legacy front and center.

As Treasury Secretary Jacob Lew defended the legacy of the 2010 reform law, in another part of the capital a banker and Republican lawmakers pleaded for legislative changes.

Citibank has joined a growing list of banks and vendors that have paid a stiff penalty for allegedly using deceptive marketing and billing tactics in selling credit card add-on products. It agreed to pay $770 million in fines and restitution charges, falling just short of a record fine issued last year.

he new regs are meant to close loopholes in an interest rate cap that applies to active-duty soldiers and sailors.

Citigroup is facing $770 million in charges after two federal regulators said the megabank engaged in deceptive marketing and unfair billing practices related to its credit card add-on products.

The White House announced Monday that it will nominate University of Michigan economics and public policy professor Kathryn Dominguez to fill the final open seat on the Federal Reserve Board.

Five years after the Dodd-Frank Act was signed into law by President Obama, it remains as controversial as when it was enacted. While partisans may debate whether the changes are good or bad, there is no doubt they’ve had a sizable impact. Following are the biggest ways the system has changed.

Despite the doomsday predictions for banks and acquirers five years ago, the Durbin amendment hasn’t dramatically shaken up the business models of the payments industry.

Ashley Madison, an online extramarital dating service that claims to protect users’ privacy and security, has had its customer database compromised.