Regulation

If the banks do not want to divest from these fringe consumer finance companies, the OCC should make them do so. Their reputations are at risk.

Visa Inc. said it awarded Chief Executive Officer Charlie Scharf compensation for fiscal year 2013 valued at $10.5 million.

The Office of the Comptroller of the Currency on Friday closed Texas Community Bank, a $160 million-asset institution located north of Houston.

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The Federal Reserve Board on Friday announced the new chairs of the 12 Federal Reserve Banks for 2014.

While the agencies successfully finalized the long-awaited Volcker Rule this week, they are expected to miss yearend deadlines for several other rules, including ones that would institute tougher capital requirements on big banks and force them to issue long-term debt.

WASHINGTON -- Regulators were clearly giddy, and some might suggest punchy, when they finalized the Volcker Rule after three years of inter-agency squabbling.

Bitcoin enthusiasts are expressing confusion and surprise after Casascius Coin, which encodes a digital bitcoins onto physical coins, halted operations after receiving notification from the Financial Crimes Enforcement Network that it is subject to the department's oversight.

Lower credit losses and higher premium revenues pushed the Federal Housing Administration’s mortgage insurance fund closer to positive territory and the agency says it is on pace to reach its statutory capital requirement two years ahead of schedule.

The Federal Deposit Insurance Corp. plans to use Dodd-Frank's "orderly liquidation authority" to dismantle a troubled megabank, but experts worry the single-point resolution may be perceived as a stealth bailout by the government.