Regulation

Under the 2010 Dodd-Frank Act, the Federal Reserve requires midsize banks, those with consolidated assets between $10 billion and $50 billion, to conduct annual company-run stress tests.

U.S. regulators released individual plans on Thursday detailing how 11 of the largest financial institutions plan to wind themselves down in the event of a failure.

The West Virginia Supreme Court on Tuesday debated a subpoena and temporary injunction issued against debt buyer Cavalry Portfolio Services.

Consumer advocates pressed the Consumer Financial Protection Bureau on Wednesday to crack down harder on credit card issuers despite recent regulations that largely curtailed hidden fees and predatory practices.

According to a report released Wednesday by the Consumer Financial Protection Bureau, banks and other credit card issuers are charging less in penalties and are doing better at disclosing previously hidden fees.

The operator of the "Silk Road Hidden Website" was charged with running a "sprawling black-market bazaar" where anonymous users paid Bitcoin digital currency for illegal drugs and phony identification documents.

Federal Reserve Board Chairman Ben Bernanke said Wednesday that U.S. regulators don't want to harm community bankers still ailing from the financial crisis.

Bank buyers should run potential deals by regulators early to avoid "landmines" and speed applications, officials from the Office of the Comptroller of the Currency say. Proper due diligence, succession planning and risk management are among the things they look for.

U.S. regulators and law enforcement officials expect risk-based anti-laundering and sanctions programs — no small feat for digital-currency firms, which generally do not know their customers' counterparties.

The top executives from Goldman Sachs and Bank of America Corp. on Wednesday warned of "serious repercussions" if the U.S. government breaches the debt ceiling without a political solution.