Policy & Regulation

In former FDIC Chairman Sheila Bair's insider account of the financial crisis and its aftermath, Bair provides a detailed look at regulatory battles and delivers a scathing portrayal of Treasury Secretary Tim Geithner. She also offers key recommendations for reform, including abolishing the OCC.

Discover Financial Services has agreed to refund hundreds of millions of dollars to settle a regulatory probe of its credit card marketing practices.

The Catbird PCI Solution Guide, co-published with cloud software provider VMware Inc., is an auditor-reviewed reference to help organizations interpret updated PCI DSS requirements as they relate to cloud-based systems.

Mortgage firms including Bank of America that repeatedly ignored rules meant to improve service for struggling homeowners said they're on the verge of complying with standards ordered in a $25 billion settlement.

San Diego has joined a growing list of major cities requiring banks to provide detailed data to show that they are adequately serving low- and moderate-income consumers.

The Consumer Financial Protection Bureau issued its second enforcement action on Monday, hitting Discover with a $200 million fine. Observers said it was clear violations will carry a steep price tag.

Adequate communication, data retention, requests for approval and, ultimately, cooperation can minimize a company's risk of being investigated by the CFPB or state attorney general's office.

The SEC has lost many rulings in the U.S. Court of Appeals for the District of Columbia, often hinging on cost-benefit analysis issues. New York Times columnist Floyd Norris is concerned about the vacancies on this court and warns it is poised to doom the SEC's implementation of Dodd-Frank.

The money will be used for housing counseling and legal services programs that were scheduled to lose state funding this year.

Regulators released a calculator Monday that is designed to help community bankers project how much capital they will need to hold under Basel III.