Policy & Regulation

The operator of the "Silk Road Hidden Website" was charged with running a "sprawling black-market bazaar" where anonymous users paid Bitcoin digital currency for illegal drugs and phony identification documents.

Federal Reserve Board Chairman Ben Bernanke said Wednesday that U.S. regulators don't want to harm community bankers still ailing from the financial crisis.

Bank buyers should run potential deals by regulators early to avoid "landmines" and speed applications, officials from the Office of the Comptroller of the Currency say. Proper due diligence, succession planning and risk management are among the things they look for.

U.S. regulators and law enforcement officials expect risk-based anti-laundering and sanctions programs — no small feat for digital-currency firms, which generally do not know their customers' counterparties.

The top executives from Goldman Sachs and Bank of America Corp. on Wednesday warned of "serious repercussions" if the U.S. government breaches the debt ceiling without a political solution.

New York Attorney General Eric Schneiderman plans to sue Wells Fargo (WFC) for violating the 2012 National Mortgage Settlement and has reached an agreement with Bank of America (BAC) to comply with several new mortgage servicing standards.

Credit card issuers are charging less in penalties and doing a better job of disclosing previously hidden fees, according to a report by the Consumer Financial Protection Bureau.

The Dodd-Frank stress testing requirements for midsize banks add to their already considerable compliance burden, with questionable payback in terms of better risk management, at least in the near term.

Capital One (COF) will pay nearly $3 million to settle discrimination charges against a bank it bought four years ago.

WASHINGTON — Banks and other credit card issuers are charging less in penalties and doing a better job of disclosing previously hidden fees, according to a report due out Wednesday by the Consumer Financial Protection Bureau.