Policy & Regulation

An operation that allegedly deceived consumers with false promises of nonexistent sales jobs will be banned from marketing any employment products or services under a settlement with the Federal Trade Commission.

The election season, already off to a fascinating start, will have an added twist for high-ranking members of the House Financial Services Committee.

There have always been regulatory impediments to the pursuit of profit, but bankers are increasingly worried about how to preserve the self-determination they have left.

The underperformance of big bank stocks last year helped restore their yields to a rough parity with smaller peers, but actual quarterly payouts remained a small fraction of pre-crisis levels.

Safety-and-soundness orders continued to abate late last year in another sign that the banking industry is regaining its balance.

Two top Republicans on the House Financial Services Committee said the CFPB should stop the collection of privileged information from banks until Congress can clarify how that information is protected.

Community banks on average seem to be losing less revenue from a lower interchange cap that first forecast. Observers caution that those banks can't get too comfortable since market forces have yet to change the landscape.

Instead of focusing on its traditional arguments that the CFPB is unaccountable, Republicans instead focused on new rules and regulations from the agency, saying it is ignoring public comments and enacting its own agenda.

WASHINGTON — The banking regulators reissued guidance on Tuesday that requires institutions to monitor all credit quality indicators for mortgage borrowers, specifically citing junior liens as a potential problem.

The Federal Reserve on Tuesday announced two enforcement actions against two banks, the Bank of Bartlett in Tennessee and Capitol City Bancshares Inc. in Atlanta.