Policy & Regulation

It is time for the U.S. to take the lead in having the safest and soundest banks, rather than to strive toward the lowest common and detrimental denominator.

A court ruling in Philadelphia on Thursday states that consumers may withdraw their consent to have robocallers contact them by cell phone.

State and federal regulators appear to be orchestrating a series of actions to force financial institutions and third-party payment processors to stop doing business with certain online consumer installment lenders.

The Securities and Exchange Commission has settled charges against a former executive of UCBH Holdings, the parent of the failed United Commercial Bank in San Francisco.

The ratings agency is reviewing its rating of the senior and subordinated debt of six major banks due to indications that the federal government would unlikely support failing institutions, it said in a statement Thursday.

The Department of Justice has dropped a deferred money-laundering case against the banking unit of Ocean Bankshares in Miami, the company announced Thursday.

Two American Indian tribes sued New York state's financial regulatory agency and its head over his crackdown on Internet lending businesses, some of which are tribally owned.

Bank of America and JPMorgan Chase are the latest servicers to say they have fulfilled their obligations related to the national mortgage settlement. The five servicers covered by the deal say they have provided more than $50 billion in consumer relief, double what was required.

The Federal Reserve Board has released Fentura Financial in Fenton, Mich., from an enforcement action.

With the fate of debit interchange rates wrapped tightly in legal red tape, the payments industry is facing uncertainty at a time it can least afford it.