Policy & Regulation

The feds are fighting five domestic banks over transactions Barclays arranged that allegedly exploited discrepancies in U.K. and U.S. tax laws to stiff Uncle Sam for billions, a joint investigation by the Financial Times and ProPublica found.

The Federal Trade Commission filed a complaint in U.S. District Court charging Christopher Mallett, a Texas resident, with multiple violations of the Federal Trade Commission Act for misrepresenting his affiliations with federal agencies, misrepresenting that the services advertised on his Web sites were government-approved and making deceptive debt relief claims.

Discover Financial Services more than doubled its third-quarter net income to $649 million as its customers increased their spending and its credit card loan portfolio grew for the first time in over two years.

These women — some newcomers, and some familiar faces in new roles — are on the rise and well positioned to shape the industry for years to come.

Whether they work in insurance, on Wall Street, or at credit card companies, these women are all making a mark on the industry.

State regulators closed a bank on each coast Friday, bringing the failure tally this year to 73.

Acting chairman stresses that the agency's own planning is just as important as plans submitted by companies.

Vikram Pandit, Citi's CEO, pushed for greater consumer regulation, including better disclosure by credit card companies and a significant shift in consumer lending.

New regulations reducing debit card interchange fees are causing some banks to charge customers more for using debit cards, which could drive consumers to increase their use of credit cards, according to the Federal Reserve Bank of Boston.