Regulation

U.S. District Judge for the District of Columbia Richard Leon warned attorneys representing the central bank he wanted a clear answer on the Fed's position on issuing an interim final rule dictating allowable fees for debit card transactions and how quickly it could be completed.

The U.S. Federal Reserve was given a week to tell a federal judge its position on immediately rewriting regulations setting debit card swipe fees after a court found the current rule unlawful.

The Federal Reserve was given a week to tell a federal judge its position on immediately rewriting regulations setting debit card swipe fees in the wake of a court found the current rule unlawful.

A new group of merchants, including Delta Airlines, Emerald Foods, Callaway Golf Sales, Duke Energy, Men's Warehouse, MGM Resorts and Travelocity, filed suit in federal court Aug. 13 claiming Visa and MasterCard are violating the Sherman Antitrust Act by operating under identical rules for card acceptance.

Simplification of the Basel capital rules — the topic of my first post — will get a full airing at the Salzburg Global Seminar's upcoming confab.

The Occupy Wall Street protests a few years ago set the stage for the coming return of fair-lending gadflies like the "mother of CRA," Gale Cincotta.

Two former JPMorgan Chase & Co. (JPM) employees were charged by U.S. prosecutors with attempting to conceal trading losses at the largest U.S. bank last year as part of a probe of its $6.2 billion loss on derivatives bets.

House Financial Services Committee Chairman Jeb Hensarling is "cautiously optimistic" that the House will vote this fall on his bill to reform the mortgage finance market and hold a conference with the Senate to resolve policy disagreements.

A former Bank of America (BAC) executive whose work on mortgage bonds is the subject of lawsuits by the Federal Housing Finance Agency and the Justice Department was hired by Fannie Mae months after the claims began to surface.

The Federal Trade Commission has proposed additions to the Telemarketing Sales Rule that could have unintended consequences for the underbanked.