Opinions

It's been nearly two years since the FDIC first unveiled its so-called “single point of entry” approach, which is designed to help unwind a systemically important financial institution. Yet without more details, the strategy is in danger of imploding.

New York's city council recently voted to allow campaign contributions to be made by text message.

Seacoast Banking Corp. of Florida (SBCF) in Stuart plans to redeem its $50 million of outstanding Troubled Asset Relief Program shares.

The operators of a scheme to market a government insurance refund processing business have been banned from deceptive sales practices under a settlement with the Federal Trade Commission.

As the prepaid card market has matured, it has become a "business not for the faint of heart or haphazard investor" because of regulatory scrutiny and competition's effect on pricing, according to Aite Group.

After clashing with regulators and being blacklisted by many banks and credit unions, many emerging-payments companies are seeking a warmer welcome outside the U.S.

A federal judge dismissed a lawsuit seeking class-action status against collection agency General Collection and law firm Truell Murray & Associates, both based in Grand Island, Neb.

The Consumer Financial Protection Bureau has taken a cautious approach to its oversight of payday lenders so far, but is likely to issue new regulations covering the industry next year, according to several observers.

The Consumer Financial Protection Bureau issued a letter to student loan servicers asking them to voluntarily share their payment processing policies.

The Volcker Rule, enacted in the 2010 Dodd-Frank Act, has proved to be one of the financial reform law's most challenging provisions to implement. After more than three years, regulators are closing in on a final rule that is expected to be tougher than its first draft.