Policy & Regulation

WASHINGTON — Federal regulators on Tuesday released the latest guidebook for examiners to use in assessing banks' anti-money-laundering programs.

A new study suggests that most consumers only waive their right to sue companies in court and participate in class actions because they don't understand the contracts they're signing.

The House approved a bill late Monday that would set up a framework for large failing banks to go through the bankruptcy process.

Sen. Elizabeth Warren recently told New York Federal Reserve President William Dudley to man up on bank enforcement, warning him that if he won't, "we need to get someone who will."

Mandatory retirement ages and term limits can backfire by forcing out board members with badly needed skills. It's better for boards to take the necessary, though socially uncomfortable, step of convincing underperforming directors to leave.

Bitcoin wallet providers have had a touchy relationship with prepaid cards. But whether or not these companies care about plastic, they should care about how the Consumer Financial Protection Bureau's prepaid proposal affects them.

The Independent Community Bankers of America is urging the House to include in its terrorism risk insurance bill an unrelated amendment requiring community-banking expertise on the Federal Reserve Board.

Republican lawmakers will head the banking committees in both chambers next year – raising the prospects for deals on key legislation – but getting to the negotiating table is still the biggest hurdle for the next Congress.

The Justice Department and the Consumer Financial Protection Bureau are alleging that Toyota Motor Credit engaged in practices that resulted in discriminatory pricing of loans, according to a securities filing by the company.

The Federal Reserve was comfortable as a behind-the-scenes regulator, but it’s now expected to be a public enforcer as well. Asking the agency to balance these contradictory roles is a recipe for trouble.