Policy & Regulation

The Federal Reserve appeal of a judge's decision invalidating its interchange fee cap forestalls the prospect of a substantial cut in bank’s debit card revenue.

EverBank Financial has reached a $43 million settlement with the Office of the Comptroller of the Currency in connection with allegations of improper foreclosure practices.

The Financial Crimes Enforcement Network will continue discussions with the Bitcoin community after meeting with the Bitcoin Foundation and a host of regulators and law enforcement officers in Washington D.C. today.

Bankers and other lenders are pressing the Consumer Financial Protection Bureau to delay implementation of its "qualified mortgage" rule, but the agency has given no signal it will delay the Jan. 10 deadline.

WASHINGTON — The Consumer Financial Protection Bureau named new senior staff in four different divisions Monday.

Michael Coyne, co-head of litigation for JPMorgan Chase, will become general counsel at Union Bank. He is the latest senior executive to depart JPMorgan as its legal and regulatory troubles mount.

A Bitcoin trade group will meet today with the U.S. Treasury Department's Financial Crimes Enforcement Network and an array of law-enforcement officials and regulators to discuss oversight of the digital currency.

Following a series of fines against some of the largest banks for anti-money laundering lapses, expect regulators to target banks in the next tier down, says Ellen Zimiles of Navigant Consulting. A former assistant U.S. attorney, Zimiles also explains why the government has been reluctant to press criminal charges against financial institutions, and why it's hard to build cases against individual bankers.

The housing industry is stepping up behind-the-scenes lobbying to alter the housing finance bill sponsored by Rep. Jeb Hensarling and perhaps kill the legislation entirely.

The close vote, however, shows just how dissatisfied folks have become with the opaque and inconsistent RWA system.