Policy & Regulation

Retailers were singing the praises of a federal judge's ruling July 31 that the Federal Reserve Board overstepped its authority in how it capped debit-card fees. And banks were humming a different tune.

President Barack Obama plans to name Federal Reserve Governor Sarah Bloom Raskin as deputy Treasury Secretary, making her the highest-ranking woman in the history of the Treasury department.

Relief bills are gaining momentum in Congress, leading many community bankers' to believe their regulatory burdens will ease by yearend.

The Senate Banking Committee approved legislation to reform the Federal Housing Administration on Wednesday to help stabilize the agency's beleaguered reverse mortgages program and strengthen its underwriting standards.

Federal regulators issued proposed guidance to help mid-tier banks comply with stress test requirements this October.

Just when banks thought they had adjusted to life under the Durbin cap on debit card interchange fees, a court has deal them a huge and unexpected blow. Bucking the usual judicial practice of deferring to regulators, a federal judge has ruled that the Fed set the cap too high at 21 cents and disregarded the intent of the Dodd-Frank Act. Expect appeals and a protracted fight that could take years to settle the matter.

The Federal Reserve disregarded Congress's intent when deciding how much banks can charge merchants for debit-card transactions, a judge ruled, rejecting Dodd-Frank-imposed regulations governing "swipe" fees.

The Federal Reserve disregarded Congress's intent when deciding how much banks can charge merchants for debit-card transactions, a judge ruled, rejecting Dodd-Frank-imposed regulations governing "swipe" fees.

An Oregon woman was awarded $18.6 million by a federal jury after spending two years unsuccessfully trying to get Equifax Information Services to fix mistakes on her credit report.

Sen. David Vitter is vowing to push for "tough" reforms to the Federal Housing Administration when the Senate Banking Committee takes up a bill to implement key changes at the agency on Wednesday.