Policy & Regulation

HSBC's head of group compliance, David Bagley, told a Senate hearing he will step down amid charges the bank gave terrorists, drug cartels and criminals access to the U.S. financial system by failing to guard against money laundering.

The city says the bank's inaction has blighted neighborhoods, but U.S. Bank insists it is suing the wrong party.

The regulator's recent report highlights supposedly high-priority concerns about small banks without mentioning the size, concentration and real risks of the megabanks.

The CFPB announced that it will include credit rating agencies in the scope of its supervision. Dodd-Frank authorizes the agency to extend its oversight to non-lending institutions.

In the United States, outlining a different narrative about what happened in the financial crisis opens one to political attack.

WASHINGTON — The House Financial Services Committee has opened a bipartisan examination of allegations that the London interbank offered rate was manipulated.

The credit card industry's proposed deal to settle long-pending retailer lawsuits set insiders chattering, divided over how much each side won and lost in the deal.

The cost of Dodd-Frank is driving banks to charge more for checking accounts and, in turn, driving more customers out of the banking fold and into the prepaid world, writes a compliance specialist at Hancock Bank.

Investigations subcommittee will focus on global bank in effort to illustrate money-laundering problems at institutions with large correspondent banking platforms.

Ohio Attorney General Mike DeWine has filed a motion for his state's pension funds to join other pension funds in leading a class-action lawsuit against JPMorgan Chase (JPM) for losses related to its chief investment office.