Policy & Regulation

Big banks, including Citi and U.S. Bank, are developing a system to make mobile wallets more secure by walling off customer data from merchants and other third parties.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

A veteran banking regulator has been promoted to become the commissioner of Georgia’s Department of Banking and Finance.

Fellow lawmakers lauded Sen. Heidi Heitkamp for a passion as strong as "battery acid" and her fluid softball swing. The Senate Banking member knows that's high praise on Capitol Hill.

Regulators are paying increasing attention to cyberthreats facing financial institutions, but many bankers are only just beginning to notice.

Despite a drop in truth in lending lawsuits, industry executives fear that new regulations and the emergence of the Consumer Financial Protection Bureau could prompt a revival in disclosure-related lawsuits.

The Federal Deposit Insurance Corp. in May issued enforcement orders against eight banks and freed 14 others from prior orders as part of a series of actions released Friday.

A former bishop of a Mormon church in Connecticut was sentenced to nearly four years in federal prison for running a fraud scheme that roped in a participant in the Troubled Asset Relief Program.

Three federal agencies are competing for the gold medal in a "regulatory Olympics" over deposit advances. Their proposals would severely constrain banks from offering valuable products and assisting customers.

Rep. John Campbell, the chairman of the House Financial Services subcommittee on monetary policy, has decided not to seek re-election.