Policy & Regulation

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.

The recent court ruling on debit interchange fees should remind the payments industry how harmful the Durbin amendment is.

Consumer Financial Protection Bureau Director Richard Cordray has had a very busy few years at the helm of the nation's newest bank regulator. His tenure has involved creating a bureau almost from scratch and contending with a wide range of highly contentious policy issues-none more controversial than his own status, which was changed from acting to permanent CFPB director following a July Senate confirmation vote in which he garnered a two-thirds majority. Following are quotes from an interview Cordray conducted recently with American Banker Washington reporter Rachel Witkowski.

Tradehill Inc., an exchange for virtual currencies such as Bitcoin, is moving customer accounts to a U.S. credit union, a shift designed to make it easier for clients to complete transactions.

Ex-CFPB official, Raj Date, defends his subprime mortgage startup against GOP-led ethics complaints.

Banks best take note of recent Supreme Court rulings on arbitration and class actions.

Janet Yellen and Larry Summers are in the lead for Federal Reserve chairmanship, but with all the other names that surfaced (or resurfaced) in recent days—Donald Kohn, Roger Ferguson, Christina Romer—who knows what the field will look like by September.

Federal Reserve Board Governor Sarah Bloom Raskin is concerned about the widening gap between rich and poor and thinks the government should be too.

Capitol Bancorp (CBCRQ) has lost another bank after regulators closed its Sunrise Bank of Arizona on Friday.

Community South Bank in Parsons was shut down by Tennessee regulators Friday.