Regulation

A final rule was released late Thursday by the Office of the Comptroller of the Currency extending the deadline for banks to comply with a requirement that limits credit exposure per customer.

The Federal Deposit Insurance Corp. has charged nine former directors of Southern Community Bank in Fayetteville, Ga., with approving risky loans that later led to its collapse in 2009.

The U.S. Chamber of Commerce is accusing the Consumer Financial Protection Bureau of breaking the law in collecting detailed information on individual credit-card accounts.

American Express Co. named McKesson Corp.’s Jeffrey C. Campbell as chief financial officer.

WASHINGTON — The Office of the Comptroller of the Currency released a final rule late Thursday that extends the deadline for banks to comply with a requirement that limits credit exposure per customer.

Fonetic, a Spanish company that provides speech analytics and voice recording software for compliance purposes, arrived on Wall Street Thursday.

The most aggressive enforcer of federal sanctions law may now be New York State. At home and overseas, this could cause a lot of people a lot of problems.

The Senate Banking Committee will hold a confirmation hearing on June 27 for North Carolina congressman Mel Watt to lead the Federal Housing Finance Agency.

Freddie Mac plans to eliminate a $7,500 annual low-activity fee that has met with a backlash among rural banks that sell a small number of loans each year to the government-sponsored enterprise.

According to Federal Reserve Board Chairman Ben Bernanke, several critical rules under the Dodd-Frank Act will be released in the upcoming months.