Policy & Regulation

Merchants will be better off with a multibillion-dollar price-fixing settlement with Visa Inc. and MasterCard Inc. over swipe fees than they would be if they went to trial, a court appointed expert said.

Bank regulators, enforcement authorities and legislatures in key countries will have to work together to enforce Basel's well-meaning guidelines related to money-laundering and terrorism financing.

The banking industry earned a record profit for the second straight quarter as growth in noninterest income continued to make up for a slow recovery in the lending sector, the Federal Deposit Insurance Corp. said Thursday.

Incremental gains in women's progress are no longer a sufficient substitute for meaningful change.

The Financial Crimes Enforcement Network, by hosting the Bitcoin Foundation in Washington D.C. this week, demonstrated its commitment to learning more about the disruptive virtual currency.

Virtual currency operators in Idaho are subject to state money transmission laws if they service Idaho residents, according to a letter from Jim Burns, investigations chief at the Idaho Department of Finance.

Unity disclosed in a regulatory filing Wednesday that it paid the Treasury Department $2.7 million to repurchase a warrant to buy about 765,000 shares of common stock.

At least nine lenders have halted operations in the three weeks since state regulators began pressuring banks to cut off their access to the payments system.

Six federal agencies have re-issued their proposal for defining "qualified residential mortgages" that avoid risk retention, which is more to the industry's liking than a 2011 plan. But a much tougher alternative is still drawing attention.

The U.S. Federal Reserve’s rules for debit-card transaction fees and processing should remain in place while the central bank appeals a decision throwing out the regulations, according to retailers who oppose the new directives.