Regulation

The Justice Department is pressuring banks under investigation for their ties to online lenders to reach a settlement soon, according to four industry sources familiar with the matter.

For each step toward Wall Street reform, the government has taken at least a half-step back. And there are signs another Gilded Age may be upon us.

Banks can report suspected elder financial abuse to authorities without violating privacy provisions under the Gramm-Leach-Bliley Act, according to guidance issued by seven federal regulators Tuesday.

Five years after the financial crisis, the new regulatory regime remains a work in progress but one that's created a major burden for the industry. Here are some of the main takeaways from banking leaders and policymakers who gathered this week to discuss the state of affairs at American Banker's Regulatory Symposium in Washington, D.C.

Irene Dorner, chief executive of HSBC USA, agrees with the frustrations of many bankers that regulators are taking too long to write the rules designed to prevent the next financial crisis.

Banks with assets of less than $50 billion will get a one-year reprieve from making their stress tests and capital plans adhere to Basel III standards, the Federal Reserve Board said Tuesday.

The CEO of HSBC USA says that stricter regulation is crucial to strengthening the banking system and winning back customers' trust, but she remains frustrated by the glacial pace of the rulemaking.

According to Consumer Financial Protection Bureau Director Richard Cordray, banks can expect changes to federal reporting requirements for mortgage data.

The GAO should focus on the gross benefit of being "too big to fail", not the benefit net of fines, penalties and regulatory burdens.

A senior executive at OFG Bancorp (OFG) in San Juan, Puerto Rico, is moving to the top ranks of the Federal Home Loan Bank of New York.