Policy & Regulation

Bank of America Corp.'s plans to charge its customers for using debit cards will help boost the bank's credit card business, according to U.S. Sen. Dick Durbin, D-Ill.

In hinting that the consumer bureau should look at B of A's $5 debit card fee, Obama has solidified bankers' worst fears about the CFPB.

Consumer lending experts urged a Senate panel on Tuesday to confirm a director of the Consumer Financial Protection Bureau this week.

Fed chief tells congressional panel that banks have limited exposure to Greece and Portugal, but face other threats from sovereign debt problems.

Legislation introduced by Democratic Rep. Brad Miller would ban certain practices that he says make it difficult for some customers to change banks.

Capitalizing on consumer outrage over a $5 monthly debit card fee Bank of America Corp. plans to impose, U.S. Sen. Dick Durbin, D-Ill., is urging smaller banks to seize the “competitive opportunity” and go after unhappy BofA customers while suggesting the issuer would prefer its customers use credit cards instead.

Many bankers believe issues with classified loans are limiting them from making loans or pursuing acquisitions.

Federal Reserve governor Sarah Bloom Raskin on Tuesday pressed for changes in mortgage servicing agreements to encourage more workouts of troubled loans.

American Banker's Rob Blackwell explains why lenders may learn to love the agency's forthcoming mortgage disclosure rules.

The California AG's decision to withdraw from mortgage settlement talks has effectively killed a multi-state deal with the top five mortgage servicers over claims of robo-signing and other foreclosure issues.