Policy & Regulation

It may take some time for the full effect of a new interchange-rate cap to affect consumer and merchant behavior, but PIN-debit network executives anticipate a positive outcome for their operations.

Nelson, Hirsch & Associates, a Fairburn, Ga.-based collection agency, reached a $4.3 million settlement with state regulators on several charges of engaging in unfair business practices - including threatening consumers with arrest if they did not pay.

The operator of a Web site billed as a “Facebook and Myspace for Kids” agreed to settle Federal Trade Commission charges that he violated the FTC's Children’s Online Privacy Protection Act (COPPA) Rule by collecting personal information from 5,600 children without obtaining prior parental consent.

There's bad news for those who withdrew funds on Bank Transfer Day to punish the targets of their ire. Most banks don't really need their money — at least not right now.

Indonesia’s central bank plans to place stricter limits on credit card issuance to reduce rising consumer card debt in the country.

Federal Reserve Board officials have pledged not to force big banks to meet Basel III standards early, but have simultaneously warned institutions that they cannot pay dividends until they do so.

The flurry of regulations emanating from the Dodd-Frank Act, Basel III and Solvency II has induced an outpouring of technology spending from companies in the financial service sector, a new report finds.

American Banker editors discuss the White House's latest attempt to force the Senate to confirm Richard Cordray as CFPB director.

Fannie Mae's third-quarter loss widened to $5.09 billion as the mortgage company reported higher derivatives losses even though it set less money aside for bad loans.

Judge in FDIC lawsuit against former Wamu executives grants parties time to craft out-of-court agreement.