Policy & Regulation

The U.S. Consumer Financial Protection Bureau said it will police employer usage of payroll cards to ensure workers don’t face hidden fees or other abuses.

A class-action lawsuit filed in St. Louis City Circuit Court on Monday by former clients of Missouri-based consumer attorneys James Eason and Richard Voytas and The Eason Law Firm outlines allegations that serve as a reminder for consumers to be aware of a wolf in sheep’s clothing, according to the Missouri Collectors Association.

Jim Bruce, the director of a new documentary on the Fed, said Summers "doesn’t really have a background… in central banking" while praising Yellen’s character and integrity.

Old National is trying to shed assets ahead of an acquisition in hopes of staying below $10 billion in assets, a level that ensures increased regulation.

Most of the five-year retrospectives on the financial crisis were pretty boring, according to Editor-at-Large Barbara A. Rehm. But a few were very revealing about the industry’s future, including the massive onslaught of rules still on their way.

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the comments sections of AmericanBanker.com articles.

A 1999 memorandum explains why the DOJ refrains from prosecuting large financial institutions for their blatant regulatory violations, but why does it refrain from going after the employees who behaved badly?

JPMorgan Chase Chief Executive Officer Jamie Dimon overhauled leadership of the bank's regulatory matters this year as U.S. examiners said they had lost trust in management, the Wall Street Journal reported.

WASHINGTON — The Consumer Financial Protection Bureau warned banks and other companies that it will pursue action against any employer that forces employees to deposit wages into a payroll card account.

Lawmakers blasted the Consumer Financial Protection Bureau on Thursday, claiming it had failed to respond to their questions about its data gathering activities.