Policy & Regulation

Breaking up the nation's megabanks will not herald a new Golden Age where market discipline reigns supreme.

PayOne is filing a lawsuit against Home Depot, claiming Home Depot’s use of in-store checkout technology from PayPal infringes on PayOne patents.

Noting a series of “self-inflicted” issues that have hampered the company's performance, VeriFone CEO Doug Bergeron promised a series of overhauls at the payments technology provider, including a renewed focus on research and development and better management of the resources dedicated to creating country-specific configurations of its products.

WASHINGTON — The Federal Reserve Board said Tuesday it would not adjust its cap on interchange fees, leaving it at 21-cents per transaction.

Sen. Richard Shelby introduced two bills on Tuesday aimed at fixing technical errors in the Dodd-Frank reform law and requiring regulators to complete rigorous economic analysis when crafting new rules.

FHFA Director Ed DeMarco is planning to create a joint securitization platform by Fannie and Freddie, a significant step toward winding down the mortgage giants. We offer frequently asked questions on what it means for the industry and the future of housing finance reform.

Political support for ending "too big to fail" is growing, several prominent observers — including Sen. Sherrod Brown and former FDIC Chairman Sheila Bair — said at an event on Tuesday.

Rep. Maxine Waters, the senior Democrat on the House Financial Services Committee, said she and her colleagues are asking for a quicker pace of work to implement diversity provisions of the Dodd-Frank Act.

The U.K.'s Financial Services Authority says it could have responded better to evidence that banks had manipulated the London Interbank Offered Rate.

Rep. Maxine Waters, the ranking member on the House Financial Services Committee, said she and some colleagues are frustrated with the pace of work to implement diversity provisions of the Dodd-Frank Act.