Policy & Regulation

Ineffective regulation creates a false sense of confidence that causes people and markets to be less diligent than they otherwise would be.

Virtual Piggy, which provides alternative payments for minors, plans to repeat its promotional partnership with the online community Gaia Online.

The United Kingdom’s Financial Services Authority (FSA) has accredited Payleven, a mobile payments acceptance company, as a payments institution. Payleven is also now part of MasterCard’s mPOS program.

The Dodd-Frank Act of 2010 was created to solve the problems revealed by the financial crisis. It placed enormous power into the hands of the federal banking agencies. Since the reform law was created, little has been done to restore the public's confidence in the government's ability to police the financial system.

The Federal Reserve Board is getting ready to take a statistical snapshot of Americans' spending and saving.

The Dodd-Frank Act put enormous power into the federal banking agencies' hands, but 32 months later regulators have done little to restore confidence.

The Federal Reserve Bank of San Francisco has terminated its regulatory action against HomeStreet in Seattle.

Restricting the use of Fannie Mae and Freddie Mac securities in computing the LCR may raise mortgage costs and negatively impact banks' ability to manage liquidity risk.

Credit lines and expanded overdraft programs are being considered as alternatives for banks that want to curb their customers' use of payday loans.

New Community Reinvestment Act guidelines will reduce paperwork burdens, open up new areas for assistance and make clear that banks falling short will hurt their overall lending test performance.