Regulation

The Online Lenders Alliance wants the group that manages a U.S. payment system to clarify warnings on illegal use of the network by payday-loan firms, saying the message is posing a threat to legitimate business.

In a sit-down interview with American Banker, Consumer Financial Protection Bureau Director Richard Cordray discussed his Senate confirmation, qualified mortgages, and the future challenges that the agency may face.

Delmar Bancorp is giving up a 40% stake in itself to an outside investor, who will cancel Tarp shares he won in a Treasury auction. The investor will also invest cash and forgive unpaid Tarp dividends.

Reports of suspected fraud received by the Financial Crimes Enforcement Network fell by 25% last year, to just under 70,000, according to the regulator's report on fraud filings for 2012, released Tuesday.

A new Baltimore federal court filing shows that more than $2.9 million was seized by the Department of Homeland Security from Mutum Sigillum LLC, a U.S. subsidiary of Tokyo-based Bitcoin exchange Mt. Gox, in May.

Basel's barely noticed, but important paper on how to measure banks' equity-investments-in-funds risk signals its strong concern with how banks are interconnected to shadow financial firms.

In his first sit-down interview with American Banker since winning Senate confirmation last month, CFPB Director Richard Cordray talks about what he sees as the agency's top accomplishments to date and its biggest challenges ahead.

President Obama held a meeting Monday with financial regulators to discuss the implementation of the 2010 Dodd-Frank Act.

Executives at Evolve Bank & Trust invest in technology to handle commissions and other accounting for mortgages due to stiffer regulatory requirements under the Dodd-Frank Act.

President Obama held a private meeting with financial regulators on Monday to discuss ongoing implementation of the Dodd-Frank Act, emphasizing the need to finalize additional rules quickly.