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Rep. Scott Garrett and Sen. David Vitter have introduced bills that would that "would repeal the government's authority to designate non-bank financial institutions as systemically important," writes American Banker’s Kevin Wack.

Simply stated, merchants have agreed the Visa/MasterCard interchange fee settlement resolves all past disputes and establishes a system that will govern payments in the future. Nothing remains for Congress, or anyone else, to address.

Camden Fine, president of the Independent Community Bankers of America, said the sight of the 1,099-page proposal from the CFPB on simplified mortgage disclosures made him “physically ill,” according to Bloomberg.

Google is changing nearly everything about how it handles transactions.

What caused the big failures during the crisis? "Lousy management and lax oversight. Those are the problems we need to focus on," writes American Banker editor-at-large Barbara Rehm. "And whether anyone wants to admit it or not, those are exactly the problems the Dodd-Frank Act went after."

After Sandy Weill's let's-break-them-up bombshell, the authors of a certain major piece of legislation can, by comparison, take a more moderate stance on breaking up big banks.

Resurrecting Glass-Steagall means resurrecting the large, highly leveraged investment banks engaged in high-risk trading for their own accounts.

Phones aren’t the solution, they’re the problem. But behavior analysis helps improve security.

The CFPB has taken its first civil action, suing a Los Angeles law firm that it says has preyed on distressed borrowers by offering bogus mortgage loan modifications.