Policy & Regulation

Breaking up the biggest banks would be futile, onetime Citigroup (NYSE:C) eminence and former Treasury Secretary Robert Rubin said on Thursday.

Any new state laws on the issue would likely strengthen the bargaining power of Visa and MasterCard in negotiations with retailers over swipe fees.

The Office of the Comptroller of the Currency has named Donna Murphy, a former Justice Department official, to head its consumer law division.

It's time to lower the $250,000 coverage ceiling on FDIC deposit insurance.

The Consumer Financial Protection Bureau, created under the 2010 Dodd-Frank reform law, will take a comprehensive look at the relationship between universities and banks. Observers say it is likely to result in new regulations and restrictions on certain practices.

Merchants shouldn't have their heads in the clouds when it comes to data security — especially when they rely on cloud computing to handle payment card data.

Merchant objections to the proposed $7.25 billion swipe-fee settlement are likely to mount following another delay in an appeal ruling.

Visa's V.me digital wallet is picking up momentum and the initiative is "right on the point of the spear" of the card network's product development strategy, Visa says.

Federal Reserve Board Governor Jeremy Stein on Thursday urged policymakers to consider using some of the central bank's monetary policy to help address gaps in regulation and foster greater financial stability.

Comptroller of the Currency Thomas Curry has promoted the agency's key bank mediator, Ombudsman Larry Hattix, into a newly created role as Senior Deputy Comptroller for Enterprise Governance.