Regulation

The Consumer Financial Protection Bureau warned companies collecting debt that it is closely watching how consumers are treated while at the same time expanding ways for consumers to dispute debt.

The Financial Stability Oversight Council unanimously voted Tuesday to designate American International Group and GE Capital as systemically important financial institutions, the first nonbanks to be named to that category.

A proposal by U.S. regulators to raise the leverage ratio at the biggest bank holding companies and their subsidiaries is already drawing fire from both sides of a raging debate about how high capital requirements must be to ensure no institution poses a systemic risk.

House Republicans grilled the Consumer Financial Protection Bureau's acting deputy director Tuesday over how the agency gathers and protects consumer data.

The Federal Reserve Board has lifted regulatory actions against Huntington Bancshares in Texas and Buckeye Bancshares in Ohio.

The House passed two financial services bills on Monday, the Audit Integrity and Job Protection Act and the Financial Competitive Act of 2013.

A recent flurry of directives indicates the Basel Committee is committed to establishing uniform, international capital standards that improve the safety and soundness of large, interconnected banks.

Banks and payment networks are pressing state lawmakers to bar retailers from charging customers more to pay with credit cards than with debit cards or cash.

The House passed two financial services bills on Monday that would retain a public company's choice of external auditors and require the Financial Stability Oversight Council to study the impact of derivatives provisions under the Basel III capital standards.

Regulators ordered Texas-based Expert Global Solutions, the world's largest debt collection firm, on Tuesday to pay a $3.2 million fine for allegedly making illegal collections calls and not verifying debt in dispute.