Policy & Regulation

Recent comments by Russell Golden, chairman of the Financial Accounting Standards Board, raise questions about the board's plans to change bank accounting standards.

A new digital currency backed by gold is billing itself as a more compliant, liquid and ultimately reliable store of value than decentralized systems such as bitcoin.

Regulators and institutions appear far apart when it comes to so-called "de-risking," in which banks drop businesses for fear of enhanced regulatory scrutiny, even while policymakers are stepping up their scrutiny of terrorist financing prevention in the wake of recent attacks.

An overhaul of money-market funds, years in the making and fiercely opposed by the financial sector, will take effect in 2016. There's little debating that the new rules will be bad for some banks, but they could also create new opportunities for small and mid-sized banks in need of cheaper funding.

A federal judge is urging the parties of a closely watched pot-banking case to settle their dispute.

"The allegations of discrimination and predatory practices raised by the reporting are obviously very concerning to the bureau," a CFPB official told American Banker.

The Bancorp in Wilmington, Del., has agreed to pay a $3 million civil money penalty to address issues tied to electronic fund transfer practices.

Bank fraud can follow you to the grave. That's what prosecutors in Brooklyn, New York, said in the case of two men who worked as personal bankers at JPMorgan Chase & Co. and are accused of stealing $400,000 from inactive bank accounts.

Officials who assess how well banks lend and invest in their communities seem out of sync with the experiences of Main Street.

Some lost their jobs while others made major missteps or faced serious challenges to their business plans. Here are the folks who had a rough 2015 and are looking forward to better times in 2016.