Policy & Regulation

JPMorgan Chase recovered only $593 million in charged-off credit card debts in 2013 - a slump of 57% from three years earlier. The drop reflects the improving economy and the regulatory pressures facing JPMorgan and other big banks over their collection practices.

Jennifer Shasky Calvery offered a character from the hit TV series as an example of a "third-party money launderer."

The judge who presided over the bankruptcy of Lehman Brothers Holdings Inc., the largest in U.S. history, will join law firm Morrison Foerster LLP next month to help lead its restructuring and insolvency group.

The Consumer Financial Protection Bureau's crackdown on mortgage servicers' operations will increase the pressure on lenders to improve their processes, paperwork and communications with borrowers. American Banker journalists discuss how both banks and nonbank servicers can get ahead of the new regulatory scrutiny.

I myself am a HMDA wonk, but one with a rather love-hate relationship to the numbers. I love what they reveal, but hate the headaches that come from wrestling with data.

How the central bank will apply bank-centered rules to systemically important financial institutions is one of the biggest unanswered questions of the post-financial crisis regulatory system.

JPMorgan Chase & Co. (JPM), the biggest U.S. bank, revised its gauge of market gains and losses to incorporate new regulatory requirements, resulting in a jump in the frequency of losses last year.

Everett Stern, who last year filed a lawsuit urging further U.S. investigation of his ex-employer HSBC, has decided to run for Congress on a platform of getting tougher on banks and cleaning up Washington.

The rule prohibits big foreign banks from allocating capital and liquidity in a manner they deem to be most efficient. This may be an acceptable price to pay if the overall result were enhanced stability, but trapping capital and liquidity in particular jurisdictions is likely to make large banks less resilient in times of crisis.

It's unclear who is behind the online campaign "Stop the Choke," but its message is clear: oppose the Justice Department investigation of the banking system's ties to firms that could be involved in fraud.