Regulation

Bankers are challenging the cost of a contentious Federal Deposit Insurance Corp. plan that would require banks to regularly update their insured deposit data, arguing it is much more expensive than the agency estimated.

The Securities and Exchange Commission has given community banks and other small companies more flexibility to issue private stock, but even more flexibility should be granted to fulfill congressional intent.

Regulators need to start paying attention to "denial-of-system" attacks as one of the triggers that could bring down a systemically important institution.

Fearing that housing finance reform has fallen off the congressional priority list, bank and housing trade groups sent a letter to Federal Housing Finance Agency Director Mel Watt on Wednesday to draw attention to the issue.

Lenders are questioning the legal justification for the Consumer Financial Protection Bureau's putting a 36% annual percentage rate threshold in its payday proposal, claiming loans made at that rate are unprofitable. That figure has been the subject of intense debate in the past decade.

China has officially opened its doors to payment companies from beyond its borders, this week unveiling the formal rules for foreign companies applying for bank-clearing privileges.

Fintech firms and banks should collaborate on using alternative data sources to qualify more borrowers for small-dollar loans.

The Federal Reserve Board and Federal Deposit Insurance Corp. on Wednesday gave the four systemically important foreign banks one additional year to file their living wills.

Without the Consumer Financial Protection Bureau setting specific debt collection guidelines — including what technology agencies can use — the industry will continue a practice that harms consumers: lawsuits.

Advocates of free trade and fighting protectionism are more likely to focus on industries like steel and agriculture, but they should also pay attention to the payments sphere.