Policy & Regulation

PNC Financial Services (PNC) in Pittsburgh has named a new top lawyer.

The Consumer Financial Protection Bureau — not one of the six agencies defining so-called "Qualified Residential Mortgages" — could still determine the future of the label under a recent proposal.

Researchers at a Federal Reserve conference in St. Louis provided data backing small bankers' concerns about regulation and competition, though it is unclear if the findings will led to meaningful change.

Federal Reserve Board Gov. Jeremy Stein on Friday laid out potential regulatory remedies to help lessen the risks associated with fire sales.

Members of the Utah Bankers Association had a meeting at the Treasury Department canceled thanks to the federal shutdown, but they managed to get in other work and play during a visit to the nation's capital this week.

The Consumer Financial Protection Bureau charged one of the nation's largest payment processors, Meracord LLC, with a $1.4 million fine.

Bosses from some of the nation's top banks enjoyed a rare White House photo op in recent days when the administration turned to them to be part of the solution to the financial problems plaguing the capital rather than part of the problem. American Banker editors discuss whether the episode will recast bankers in a more flattering light and what perils the political mess holds for the industry.

Fed Chairman Ben Bernanke bit on James Bullard's joke about the superiority of St. Louis' baseball team over Washington's, but he avoided the bait to discuss the federal shutdown.

The Debit Interchange Fee Study Act called for a six-month regulatory study on the cost of the rules and their impact on consumers. There are good reasons to revisit that approach now.