Policy & Regulation

Retailers face an uphill battle after an appeals court panel rules that banks shouldn't have to sacrifice another big chunk of their debit interchange revenue.

Credit Suisse Group AG (CSGN), Switzerland's second-biggest bank, agreed to pay $885 million to settle lawsuits by the Federal Housing Finance Agency over mortgages sold to Fannie Mae and Freddie Mac.

American Express Co. paid Chief Executive Officer Kenneth Chenault $24.4 million for 2013, an 11 percent increase over the previous year.

A coalition of advocacy groups announced their opposition Friday to a bill by Senate Banking Committee leaders to overhaul the housing finance system, citing concerns about market access for low-income and minority families.

A federal appeals court ruled Friday that the Federal Reserve acted appropriately in setting restrictions on debit card swipe fees, marking a critical victory for banks and a major setback for retailers. American Banker editors discuss what the ruling is likely to mean for the debit card industry and whether it represents the end of the high-stake battle.

A federal appeals court panel ruled today that the existing restrictions on debit card swipe fees should largely stand, turning back a challenge by retailers who argued that banks are still earning too much money from the fees.

A federal appeals court panel ruled Friday that the existing restrictions on debit card swipe fees should largely stand, turning back a challenge by retailers who argued that banks are still earning too much money from the fees.

If government bureaucrats, acting without statutory authority, can coerce banks into denying services to firms engaged in lawful behavior that the government does not like, where does it stop?

The Volcker Rule will cost U.S. national banks as much as $4.3 billion to implement, according to a study by the Office of the Comptroller of the Currency.

Alfred DelliBovi, the head of the Federal Home Loan Bank of New York and a lion of housing finance, submitted his resignation Thursday after 21 years as president.