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Wal-Mart said that it takes issue with the multi-billion dollar swipe-fee settlement the card networks proposed this month.
July 24 -
Jim Purcell, chief executive officer of State National Bank of Big Spring, spoke during one of the hearings House Republicans organized to examine Dodd-Frank’s impact. But he "had a hard time answering certain questions from Democrats," writes American Banker’s Kevin Wack.
July 24
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The Consumer Financial Protection Bureau is urging colleges to adopt a new form designed to make it easier for students to compare financial aid offers.
July 24 -
The order against Capital One last week differed from how the banking regulators act in several key ways.
July 23 -
The U.S. regulator overseeing Fannie Mae, Freddie Mac and the Federal Home Loan Banks has hired a consulting firm to create contingency plans for taking the mortgage-finance firms into receivership, according to contract documents.
July 23 -
Recessions do not cause bank failures. It is banks causing booms that cause recessions that cause banks to fail.
July 23
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Billed as a discussion of the Dodd-Frank Act's second anniversary, Treasury Secretary Timothy Geithner's testimony this week in Congress is instead expected to focus primarily on alleged manipulation of the London Interbank Offered Rate.
July 23 -
Last year, Citi began processing check and automated clearing house transactions in order from the lowest dollar amount to the highest, a move that minimizes the potential for overdrafts. Today, it wants to make sure consumers — and perhaps regulators — haven't forgotten.
July 23 -
The Basel capital accords are a serious policy mistake. It's time to return to financial supervision that relies on good judgment and on-site examinations.
July 23
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A survey commissioned by the Center for Responsible Lending, Americans for Financial Reform, the AARP and the National Council of La Raza "found that 73% of voters, including both Republicans and Democrats, favor the Dodd-Frank Act and 66% of voters favored the creation of the CFPB," writes American Banker’s Victoria Finkle
July 23

