Policy & Regulation

California assemblyman Matt Dababneh, D-Encino, has proposed AB 1326, a bill that provides guidelines for any individual or business that wants to start using virtual currency.

There was plenty for banks to be encouraged about in the Federal Deposit Insurance Corp.'s most recent Quarterly Banking Profile, which reported comprehensive industry earnings for the fourth quarter and all of 2014. Community bank lending is showing steady growth, capital levels keep rising and the FDIC's insurance reserves are stabilizing. But the numbers also contained worrisome signs. Here are key takeaways from the report.

JPMorgan Chase has agreed to a $50.4 million settlement with the Justice Department for robo-signing documents sent to homeowners in bankruptcy and for related abuses.

JPMorgan Chase has agreed to a $50.4 million settlement with the Justice Department for robo-signing documents sent to homeowners in bankruptcy and for related abuses.

Trade-based money laundering happens outside the financial system. But it can still create major issues for banks because criminals typically deposit their profits in bank accounts.

The Federal Housing Finance Agency released a set of new rules for the sale of troubled mortgages by Fannie Mae and Freddie Mac.

There should be little debate as to whether the U.S. payment system is falling behind the rest of the world. Great Britain and others lead the world in real time payment options at affordable prices to consumers, merchants and other payment stakeholders.

Though stress tests are widely viewed as a successful and critical exercise, there are growing concerns that regulators — and the banks themselves — may have become too reliant on them, overshadowing other aspects of the supervisory process.

Billionaire Warren Buffett, who has profited from investing in banks while faulting the financial industry's lapses, said Senator Elizabeth Warren's approach to Wall Street is too confrontational.

International remittances grew at a number of banks last year, according to new data, but anti-money-laundering rules may make the fee-based business too expensive to keep.