Policy & Regulation

To guess what might happen once unlimited deposit insurance ends, look at how corporations have handled their cash lately.

Bitcoin and other virtual currencies can contribute positively to financial innovation but also subject users to various risks, according to a report published recently by the European Central Bank.

As it implements Dodd-Frank regime for resolving systemically important firms, the FDIC must ensure creditors receive at least as much as they would in a Chapter 7 proceeding.

They say including such data would allow independent monitor Joseph Smith to test if servicers are providing adequate relief in low-income communities, but Smith's hands may be tied by the language of the settlement agreement.

"So what does designating some institutions as SIFIs mean for small businesses?" writes Forbes contributor Ryan Caldbeck. "While we don’t know the whole story yet, the answer, to date, appears to be very little."

Eight of the more than two dozen countries involved have adopted a package of capital and liquidity rules known as Basel III, according to the latest progress report by the Basel Committee on Banking Supervision.

Banking powers, specifically the power to accept demand deposits, should be limited by Congress to institutions qualifying for federal deposit insurance. Otherwise we face uncontrolled systemic risk from inconsistently regulated entities.

The Center for Responsible Lending said the companies settle only a fraction of the debts they set out to settle.

After absorbing the OTS, the OCC abandoned a comprehensive and sophisticated approach to monitoring interest rate risk.

If the banking industry has the upper hand in the fight over swipe fees — and it certainly appears to — its advantage stems in no small part from divisions within the eight million retailers in the United States. It's always easier to defeat a divided enemy than a united one.