Policy & Regulation

A week after saying they were less than a year away from testing a real-time payments network in the U.S., The Clearing House and FIS have submitted a proposal about the system to the Federal Reserve's Faster Payments Task Force.

Recent prosecutions against lenders accused of usury violations will test the government's use of a law more commonly known in organized crime cases.

WASHINGTON — Federal regulators are set to release Tuesday a long-awaited proposal to require the biggest banks to retain more liquidity to withstand a prolonged crisis.

The Federal Reserve is giving the public more time to comment on Huntington Bancshares' agreement to buy FirstMerit in Akron, Ohio.

Senate appropriators approved $13 million in new funding to update the Federal Housing Administration's "outdated and unautomated" information technology systems, but rejected President Obama's proposed way of paying for it.

Bankers blamed regulators' new methodologies for rating certain energy loans – and a new two-stage shared national credit review process – for an increase in downgrades and loan-loss provisions. Regulators reportedly are reacting to an increase in second liens tied to exploration and production companies.

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.

The Consumer Financial Protection Bureau is expected on May 5 to release a proposal that would allow consumers to band together in class action lawsuits even if there is an arbitration agreement.

Regulators had a litany of complaints about big banks' living wills in the assessments released last week, covering everything from cash flow to operational decision making, but one that is flummoxing bankers is an item they say is out of their control: ring-fencing.

A federal district judge ruled that the Consumer Financial Protection Bureau has no power to investigate the Accrediting Council for Independent Colleges and Schools, an embattled accreditor of for-profit colleges. The ruling marks the first time a court has said the bureau had no jurisdiction and overreached its statutory authority.