Policy & Regulation

The Office of the Comptroller of the Currency unexpectedly announced Wednesday that Michael Brosnan, its point man for large banks, was leaving his post to become examiner-in-charge of Zions Bank. The move was unusual and effectively a demotion.

Despite the bipartisan nature of the Panel's first vote last week, the new leaders of the House Financial Services Committee, Chairman Jeb Hensarling, and ranking Democrat Rep. Maxine Waters, continue to dispute the effects of the Dodd-Frank reform law.

Regulatory cooperation is the key to navigating the division of responsibilities that the Dodd-Frank Act made to bank regulation, Comptroller of the Currency Thomas Curry said Wednesday.

With a federal court endangering the status of its director and its second in command leaving, the Consumer Financial Protection Bureau has suddenly been forced to shift from playing offense to defense.

Two experts, Tom Hoenig and John Dugan, have very different takes on how policymakers should end too big to fail. But figuring out which one is right is daunting.

Big banks must get smaller. Small banks must get bigger. All banks must turn their attention away from crisis-era baggage and show how they'll consistently make money from now on.

American Express Co. finds itself swirling in the middle of anti-trust litigation and proposed settlements that the company isn't directly a party to.

HSBC, the $2.7 trillion-asset company, said Wednesday it has named James Comey, a former U.S. deputy attorney general, to its board and formed a new board committee to oversee compliance with laws that aim to deter money laundering and other crimes.

Many of the nation's largest financial institutions lowered their spending on lobbying the federal government in 2012, according to data compiled by the Center for Responsive Politics. Although data is only available through Dec. 4, 2012, the reports suggest that year-end spending will be down significantly from 2011. That trend may reflect lower expectations for major legislative changes during a presidential election year.

CO-OP Financial Services hopes the model used in one of the oldest staples of credit union cooperation, the shared branch, can drive new digital commerce innovation such as person-to-person payments.