Policy & Regulation

Sen. Michael Crapo, the new ranking member on the Senate Banking Committee, discussed his priorities for the year in a sit-down interview with American Banker. During the interview, he also pushed for structural changes at the CFPB, and suggested they are needed at the OCC too.

Royal Bank of Scotland is expected to pay roughly $790 million to settle charges by regulators it manipulated a benchmark used to determine the rate at which banks loan to one another.

After the undermining of President Obama's recess appointment of Richard Cordray as the Consumer Financial Protection Bureau's director and talk swirling that Democrats may seek to cut a deal with Republicans, many of whom seek to scale back the agency, Sen. Elizabeth Warren may be the one who can save the CFPB.

Safety and soundness in banking will be found more in changes in oversight than regulation.

Citizens Community Bancorp (CZWI) in Eau Claire, Wisc., has shed its enforcement order with the Office of the Comptroller of the Currency.

The inter-agency council created under Dodd-Frank tries to succeed where the SEC could not, hinting at its potential role longer term.

It's time to roll back the $250,000 coverage limit on FDIC deposit insurance, Boston University finance lecturer Mark Williams says.

Even as more states legalize marijuana, banks are abstaining from dealing with cannabis dealers. So call bankers stodgy. Call them unhip. Just don't call them noncompliant with industry regulations and federal drug laws.

The Clearing House Association has hired Gregg Rozansky as managing director and senior associate general counsel.

A U.S. district court closed a Houston-based debt collection operation that allegedly illegally used insults, lies and false threats to collect on payday loans, according to the Federal Trade Commission.