Policy & Regulation

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Big bank executives in New York need to visit the heartland and get in touch with Main Street to cure lingering public resentment, St. Louis Fed President James Bullard said.

Federal Reserve Board Gov. Daniel Tarullo said Friday that short-term wholesale funding sill poses a risk to the largest banks and that fixing such "structural vulnerabilities" is a top priority to protect the financial system.

A Small Business Administration program intended to give veteran-owned companies easier access to loans has come under fire for high default rates that have cost taxpayers over $31 million.

The Federal Reserve's rules for debit-card transaction fees and processing will remain in place while the central bank appeals a decision throwing out the regulations, a judge said.

The Federal Reserve Board now demands that big banks proactively manage reputational, strategic and compliance risks – qualitative things they traditionally viewed as outside their control. The new discipline will serve banks well.

The U.S. Federal Reserve’s rules for debit-card transaction fees and processing will remain in place while the central bank appeals a decision throwing out the regulations, a judge said.

Groupon Inc. lost a bid for dismissal of a lawsuit complaining the company misled investors about its financial performance before its initial public offering in November 2011.

The Museum of American Finance is dedicating its largest exhibit ever to an examination of the Federal Reserve System's history, culture and role in the U.S. over the past 100 years.

The Consumer Financial Protection Bureau and the Department of Justice are examining the lending operations of major auto manufacturers for possible discrimination in lending, according to regulatory filings and three people briefed on the inquiry.