Policy & Regulation

The Treasury Department has ordered board appointments at two banking companies that have missed dividend payments.

Bank of Hawaii in Honolulu has agreed to pay $9 million to settle a class-action lawsuit in which it was accused of improperly charging overdraft fees on debit card transactions.

Richard Cordray, formerly Ohio's attorney general and most recently enforcement chief at the Consumer Financial Protection Bureau (CFPB), will be formally named Monday to lead the new regulatory agency.

WASHINGTON — Under a federal rule approved Monday, regulators will use a "two-stage process" to decide whether certain companies that facilitate clearing transactions are systemically important.

With the administration choosing someone to lead the Consumer Financial Protection Bureau who may draw more GOP opposition than Elizabeth Warren, some insiders speculated the White House may be open to compromise over the bureau's structure to win confirmation for Richard Cordray.

A trio of Colorado congressmen — Ed Perlmutter, Mike Coffman and Scott Tipton — are sponsoring the Capital Access for Main Street Act.

WASHINGTON — Facing an aggressive implementation schedule for the Dodd-Frank Act, regulators made some progress on key issues, but left some of the biggest ticket items lagging behind.

Prepaid card issuer MetaBank will pay $4.8 million to customers under an order from regulators in the latest fallout from a discontinued high-interest, small-balance loan product.

Prepaid card issuer MetaBank will pay $4.8 million to customers under an order from regulators, in the latest fallout from a discontinued high-interest, small-balance loan product.

The final parameters of an antitrust settlement submitted to a federal court in New York Friday by the Department of Justice promises to give merchants and cardholders more choices when paying for goods and services by preventing Visa and MasterCard from enforcing anti-steering bylaws.