Regulation

Regulators have designated Prudential Financial Inc. as a risk to the financial system. The Newark, N.J.-based company is the third nonbank firm given the SIFI label.

A study by The Clearing House Association found that a proposed leverage ratio would force banks to raise $200 billion in capital or shed roughly $3.7 trillion in assets. The study also found that the leverage ratio would be a binding capital rule for two-thirds of big-bank assets.

Massachusetts is conducting an independent investigation of JPMorgan Chase's debt collection practices, a source told The Wall Street Journal.

NewBridge Bancorp (NBBC) in Greensboro, N.C., has received regulatory approval to buy struggling mutual Security Savings Bank in Southport, N.C.

The Federal Deposit Insurance Corp. is facing accusations that it is forcing banks to cut ties with online payday lenders, but the agency says it is only urging banks to be on guard about merchant relationships that elevate their risk.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Big bank executives in New York need to visit the heartland and get in touch with Main Street to cure lingering public resentment, St. Louis Fed President James Bullard said.

Federal Reserve Board Gov. Daniel Tarullo said Friday that short-term wholesale funding sill poses a risk to the largest banks and that fixing such "structural vulnerabilities" is a top priority to protect the financial system.

A Small Business Administration program intended to give veteran-owned companies easier access to loans has come under fire for high default rates that have cost taxpayers over $31 million.

The Federal Reserve's rules for debit-card transaction fees and processing will remain in place while the central bank appeals a decision throwing out the regulations, a judge said.