Policy & Regulation

Economist Jason Furman received congressional approval Thursday to be the new chairman of the White House Council of Economic Advisers.

The Federal Reserve Board has terminated an enforcement action against Eastern Virginia Bancshares in Tappahannock and has fined Blencoe State Bank in Iowa.

Bank of America said federal and state agencies plan to press more civil claims tied to mortgage and debt offerings, signaling the firm faces another round of legal battles tied to home loans and underwriting.

House Republicans raised concerns that the Consumer Financial Protection Bureau's former deputy director, Raj Date, and several other staffers left their positions at the CFPB in order to profit from rules they had helped create.

This is a work of fiction. Any resemblance to real merchants, bankers, lobbyists, or politicians, living or dead, is purely coincidental.

The Federal Trade Commission has charged an operation that sells credit and debit card payment processing services to small businesses with violating federal law.

A symbiotic relationship between security and revenue may sound too good to be true, but it's not. ISOs and acquirers can succeed by creating opportunities that pair enhanced PCI compliance tools with new revenue streams.

A lawsuit by 11 states and a Texas bank challenging the Dodd-Frank law's financial regulation overhaul was dismissed by a federal judge.

The head of the presidential task force combating financial crimes has resigned to join the private sector.

The capital rules are too complicated, making it easy for banks to manipulate them. There's only one way to fix them — make them a lot simpler.