Regulation

Bill Walton was at the top of Washington's finance establishment when he ran Allied Capital Corp. and sat on the Riggs Bank board alongside the city's titans. Then the trouble began.

The FDIC's Quarterly Banking Profile showed positive signs across the board, including increases in net interest and noninterest income, better loan growth and a drop in noncurrent loans. Overall, 60.8% of banks were profitable — allowing the industry to reach its lowest proportion of unprofitable banks since the third quarter of 1997.

The Internal Revenue Service's petition for information on Coinbase customers is an overreach that should concern Americans regardless of whether they use bitcoin.

John Allison, a contender for President-elect Donald Trump’s Treasury secretary, is a staunch opponent of the Federal Reserve Board, the Basel international accords, the government’s support of the housing finance industry and the Dodd-Frank Act of 2010.

Several banks have cut ties with payday lenders in recent weeks, and there is evidence that regulators could be pressuring them to do so. The spate of terminations is prompting speculation that regulators are renewing their campaign against high-cost lenders before Donald Trump is sworn in as president.

The Consumer Financial Protection Bureau warned financial companies on Monday to properly manage employee incentives that can pose significant risks to consumers, part of the ongoing fallout from Wells Fargo's phony account openings.

While the IRS has targeted banks with broad "John Doe" summonses, it does not typically ask financial institutions to turn over information on all of their account holders, as the agency wants Coinbase, a bitcoin exchange, to do.

After months of public deliberation, Comptroller of the Currency Thomas Curry is set to disclose this week his decision on whether or not to create a special charter for fintech companies.

The Los Angeles City Council passed a motion last week to restrict large banks vying for city contracts from using predatory sales goals in response to the furor over Wells Fargo's phony accounts scandal.

With the election of Donald Trump in the U.S. and an increasingly isolationist mood pervading European banking regulators, the international Basel III accords that underpinned much of the global post-crisis regulatory framework face an uncertain future.