Opinions

Basel III aims to hold global banks to a common capital standard but since Dodd-Frank will require an even stronger system here, should U.S. regulators waste time writing rules to implement the international capital accord?

Michelle Korsmo will become the new chief executive of the American Land Title Association, replacing Kurt Pfotenhauer, who is leaving at the end of the month to become executive vice president and vice chairman of First American Title Insurance Co.

WASHINGTON — In the battle over Dodd-Frank implementation, large U.S. banks may do well to remember the story of the boy who cried wolf.

In attempting to prevent abuses of the interchange cap exemption for reloadable prepaid cards, the Fed may have inadvertently scuttled an opportunity for banks to serve low-balance account holders.

WASHINGTON — The Treasury Department said Tuesday that Elizabeth Warren is stepping down as the special advisor to the secretary effective August 1.

Massachusetts Attorney General Martha Coakley told the state's Register of Deeds Association that she will not sign a multistate settlement with large mortgage servicers that includes a widespread release of liability for claims against the Mortgage Electronic Registry Systems.

FinCEN's final rule to prevent prepaid accounts from being used to launder money attempts to balance the concerns of many parties.

WASHINGTON — In its first annual report to Congress, the Financial Stability Oversight Council warned that increasing the federal debt limit is vital to the stability of the financial system.

Legal experts say the placement and wording of the CFPB's form for credit card complaints may put an unwelcome spotlight on issuers' risk management strategies.

A final rule the Financial Crimes Enforcement Network established July 26 to prevent prepaid products from being used to launder money appears to have struck a balance between the concerns of retailers, program providers and law-enforcement officials.