Policy & Regulation

Rep. Maxine Waters, who will take over as top Democrat on the House Financial Services Committee next year, is urging the Commodity Futures Trading Commission to delay implementation of certain derivatives rules set to go into effect Jan. 1.

It is not likely manufacturers and owners of ATMs will experience a more interesting – or challenging – year than 2012 any time soon.

The House is expected to vote as early as late Thursday on a package of spending cuts that would include eliminating the FDIC's ability to wind down big banks and a popular mortgage modification program.

The Department of Justice and federal regulators are being asked to prosecute more individuals involved in breaking the law at financial institutions by Rep. Barney Frank.

"Although the industry's track record when it comes to Dodd-Frank implementation is hardly noteworthy, its war-game to test regulators' new powers to seize and dismantle a megabank is not only fascinating, it's exemplary," writes American Banker's Editor-at-Large Barbara Rehm.

Barney Frank is asking the Justice Department and regulators to start prosecuting more individuals involved in breaking the law at financial institutions.

Chris Bauer says Anchor's "emergency" days are over, but the Wisconsin company is still losing money and operating under a regulatory order.

Banks reported both higher trading revenues and reduced credit and risk exposure, a rare occurrence, according to a report issued Thursday by the Office of the Comptroller of the Currency.

Three more executives at Oxford Collection Agency have pleaded guilty in Connecticut federal court to charges stemming from a $10 million fraud scheme, according to the Federal Bureau of Investigation.

We must pay more attention to placing blame where it exists and punishment where warranted, not foisting penalties off on shareholders, investors, customers and employees.