Regulation

Royal Bank of Scotland (RBS) will pay $100 million to state and federal regulators to settle allegations that it violated sanctions on doing business with Iran, Sudan, Myanmar and Cuba.

After three years with regulators at odds with each other, the five agencies have finalized Dodd-Frank's Volcker Rule.

MasterCard Inc. said its board of directors approved an 83 percent dividend increase and a 10-for-1 stock split.

The Chairman and CEO of JPMorgan Chase framed his bank's record-setting $13 billion settlement as a business decision — but acknowledged that he now has work to do to repair ties with Washington.

Despite widespread concerns at community banks, industry experts assert that regularly testing can help bankers with strategic planning.

Even before Dodd-Frank, federal regulations had grown exponentially. The sheer quantity of the regulations is bad enough, but the complexity often confuses banks and their customers and increases compliance costs.

EverBank Financial (EVER) in Jacksonville, Fla., has agreed to pay the Federal Deposit Insurance Corp. $48 million in connection with its purchase of the failed Bank of Florida in May 2010.

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the bank will have to reprice certain lending products to get to a "fair return" now that regulators are requiring the industry to hold more capital.

Colorado Attorney General John Suthers has sued collection agencies United Credit Recovery, GTF Services and Standley & Associates for allegedly using fraudulent bank documents to try collecting outstanding debts and for engaging in deceptive trade practices that harmed consumers.

The Senate confirmed Rep. Mel Watt Tuesday evening to lead the Federal Housing Finance Agency, thanks to a historic filibuster rule change launched by Democrats late last month.