Policy & Regulation

Financial institutions considering whether to bank marijuana-related businesses often receive inaccurate information about the emerging industry. Here are five common myths.

A year ago we asked BankThink contributors to make bold predictions about how the financial industry would evolve in 2015. Here's a look back at their forecasts and the actual outcomes.

The Federal Reserve extended the public comment period for KeyCorp's proposed $4.1 billion takeover of First Niagara Financial Group until Jan. 31, after a lawmaker said communities affected by the deal need to weigh in.

With its proposal to force big banks to deliver "recovery plans," the Office of the Comptroller of the Currency is filling a gap in the current regulatory regime — and making a power play at the same time.

Democratic presidential candidate Sen. Bernie Sanders called for several major changes at the Federal Reserve on Wednesday, warning that the central bank “has been hijacked by the very bankers it regulates.”

Fannie Mae and Freddie Mac are telling lenders that they are willing to retain loans with defects if they believe the defects are minor and can be fixed. But Freddie is one-upping Fannie by offering to retain such loans without charging lenders a fee.

We revisit some of the best comments readers posted in 2015. Comments are excerpted from reader response sections of AmericanBanker.com and BankThink.com articles, except where noted.

WASHINGTON — The Bancorp Bank in Wilmington, Del., has agreed to pay $4.3 million on charges brought by the Federal Deposit Insurance Corp. that the prepaid card issuer deceived consumers.

The Treasury Department took a step forward Wednesday toward finalizing a highly anticipated customer due diligence rule that is expected to cost financial institutions and their customers between $700 million and $1.5 billion over the next 10 years.

Participants in an alleged credit card laundering scheme have agreed to settle Federal Trade Commission charges that they illegally helped provide access to payment networks, thereby enabling scammers to place bogus charges on consumers’ credit cards.