Opinions

House leaders released a proposed six-year extension of a federal program to insure property against the risk of terrorism, including a Republican proposal to revise a bank regulatory law.

Earlier opposition to the idea appears to have eased in the wake of a new proposal that would use interbank fees to cover the cost of technological upgrades.

The Federal Reserve Board issued a proposal Tuesday detailing how it will charge the biggest banks more in capital, while saying it would keep exact figures secret. Still, a Fed governor revealed that JPMorgan Chase is the only institution that will need to raise capital if the plan is finalized in its current form.

WASHINGTON — The Federal Reserve Board released a proposal Tuesday laying out how it would institute capital surcharges on the country's biggest banks, saying it plans to be tougher than an international agreement on the issue.

Sen. Elizabeth Warren challenged the credentials of President Barack Obama's nominee for a top Treasury job, saying a "well-oiled" revolving door between Wall Street and its regulators favors banks' interests at the expense of consumers.

International regulators proposed a common template Tuesday for banks to use when disclosing their long-term liquidity compliance plans, which regulators say will help market participants assess and compare banks' plans to one another.

Bank directors and officers who agree to settle claims brought by the Federal Deposit Insurance Corp. in its capacity as receiver may find themselves next confronting a lifetime ban from the industry.

Tax authorities all over the world are making decisions on how to view the new and increasingly popular decentralized digital currencies such as Bitcoin.

Banks would have to upgrade their systems to accommodate faster transactions, and originating banks would pay the receiving financial institutions a fee to cover those costs, under a plan from Nacha, the industry group that sets ACH rules.

For too long, both companies and regulators have bought into a narrative that makes the financial industry dependent on the government for rescues and direction. It’s time to pen a new plot.