Policy & Regulation

The biggest expansion of the banking rulebook is still on the horizon. The changes could lead to an overhaul of banking business models.

The Federal Trade Commission determined that banks and other creditors bear responsibility for selling consumer debts to collectors that are backed by scant documentation.

ACI Worldwide and Fidelity National Information Services each announced acquisitions of companies that provide payments technology.

MasterCard Inc., the second-biggest U.S. payments network, posted fourth-quarter profit that beat analysts’ estimates as customers made more purchases.

The Treasury Department has unloaded its latest round of bank stocks from the Troubled Asset Relief Program at a deep discount.

Confining banks to "narrow" or "traditional" activities, as some policymakers and pundits advocate, would drive even more customers to the shadow sector. Do we really want shadow banks to own the financial future?

The Competitive Enterprise Institute and the 60 Plus Association are urging the Senate to delay confirmation of Richard Cordray, director of the Consumer Financial Protection Bureau, until the implications of a recent federal court case are better understood.

Tougher on banks than on debt buyers, the FTC found banks and other creditors bear responsibility for selling consumer debts with scant documentation. Possibly erroneous records are a "significant" concern.

Many of the changes, which were outlined late last year in the FHA's annual report to Congress, will raise the cost of home loans for consumers.

Visa shareholders rejected a proposal Wednesday that would have required the nation’s largest card network to disclose publicly more information about its lobbying activities, according to the activist shareholder group behind the measure.