Policy & Regulation

The Financial Stability Board has decided to adopt a 'structured approach' to the numbers that get issued to identity participants in financial transactions around the world.

About $1.4 trillion of deposits are covered by federal insurance due to lapse in two months. How corporations have handled their cash over the last few years provides a guide to what might happen to the money.

Acting Federal Deposit Insurance Corp. Chairman Martin Gruenberg is leaving his post at the helm of a group that sets standards for deposit backers around the world.

Well-intentioned policies are causing inadvertent redlining. Our proposed Dignity Mortgage would show there are few if any additional risks of lending to the large cohort of presently excluded prospective homebuyers.

A proposed settlement of a merchants’ lawsuit over credit card fees that may cost Visa Inc., MasterCard Inc. and banks as much as $7.25 billion is probably worthy of approval, a federal judge said.

The CFPB announced that it will soon be supervising large consumer debt collections firms.

Paul Whitmore was direct and blunt in his assessment of the state of payments in the U.S. when he spoke at this week's Chicago Payments Symposium at the Federal Reserve Bank of Chicago: "I've been sitting here for two days, wondering how did you get yourself into this mess?"

A state law that eased restrictions on credit card rates in Ohio influenced the move, the Columbus company said.

A lawsuit accusing Bank of America and Countrywide Home Loans of misrepresenting mortgages gets to the core of their disputes with the government-sponsored housing giants over mortgage putbacks.

Longtime banker Charlie Scharf seems like the safe choice to lead Visa. But for the world’s largest payments network, safe is usually smart.