Policy & Regulation

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

Debit cardholders initiate an average of nearly 30 debit transactions a month for the top issuers, but the rate of activity can vary wildly — with those top issuers seeing about twice as many transactions as those without strong debit business.

Lending Club and Funding Circle are among the firms pledging to adhere to a range of self-imposed standards in small-business lending.

The New York Bankers Association is challenging the legality of a local law that is designed to cajole banks into making larger investments in poorer communities. The outcome could be an important precedent in relation to similar laws in other cities.

The Office of the Comptroller of the Currency has named Stephen Warren chief information officer.

SunTrust Banks participated in a drug sting in South Florida in which law enforcement officers and a former bank branch manager may have behaved improperly, according to a story in the Miami Herald.

Banks are strongly condemning the Department of Education's proposed changes to its student loan disbursement rules, saying that the proposal is an attempt to regulate banks in a way that exceeds the department's statutory authority and hurts students.

M&T Bank said it's in discussions with U.S. officials to settle an investigation into the lender's origination and sale of federally insured home loans.

Former Wilmington Trust President Robert V.A. Harra was indicted on U.S. charges that he lied to regulators as part of a scheme to hide bad real-estate loans

The Federal Reserve should require community groups to disclose the contributions they receive from banks in order to ensure that controversial mergers receive fair public hearings.