Regulation

Just hours after agreeing to pay $910 million in regulatory fines related to the London Whale trading scandal, JPMorgan Chase agreed Thursday to repay $309 million in restitution to customers harmed by its credit card practices as well as face an additional $80 million more in civil money penalties.

New York state regulators have proposed a sweeping set of rules to reform the force-placed insurance industry, in the latest sign that the government is taking steps to correct what critics call an abusive industry practice that overcharges homeowners.

Just hours after agreeing to pay $910 million in regulatory fines related to the London Whale trading scandal, JPMorgan Chase agreed Thursday to repay $309 million in restitution to customers harmed by its credit card practices as well as face an additional $80 million more in civil money penalties.

Just hours after agreeing to pay $910 million in regulatory fines related to the London Whale trading scandal, JPMorgan Chase agreed to repay $309 million in restitution to customers harmed by its credit card practices as well as face an additional $80 million more in civil money penalties.

Sevier County Bank in Tennessee decided its loyal customers are its best promotion and created an interactive blog about their experiences with the bank, including the story of one woman who goes 20 miles out of her way to keep banking there.

Regulators need to get cracking on Dodd-Frank rules, and the Fed needs a chairman who understands the impact of policies on the middle class.

The New York bank has agreed to pay a giant settlement to Washington regulators in a bid to put its London Whale trading debacle behind it. However, the deal is likely to raise as many questions as it answers and will by no means put to rest the bank's many legal and regulatory problems. American Banker editors discuss.

The Office of the Comptroller of the Currency has slapped JPMorgan Chase with a cease and desist order related to the bank's debt collection practices and its failure to comply with the Servicemembers Civil Relief Act.

JPMorgan Chase will pay $920 million in regulatory fines related to its London Whale trading scandal, adding to the $6 billion in losses the bank already took as a result of the trades.

AARP wants the Ohio Supreme Court to sanction a collection agency for bringing a lawsuit that the debtor alleges had no legal basis and that also sought damages well beyond those permitted by law.