Regulation

Regulators are focusing attention on ensuring community banks have proper security systems in place in the wake of a string of cyberattacks on megabanks.

In response to questions from Sen. Elizabeth Warren, SEC Chairman Mary Jo White said the current policy of seeking settlements is in the best interests of consumers and companies.

The nation's seven largest banks have earned an extension to push out their swap activities as required by the Dodd-Frank reform law by the Office of the Comptroller of the Currency.

A bipartisan bill to reform the mortgage finance system being crafted in the Senate has already drawn praise from a variety of stakeholders, but the effort is almost certain to meet strong resistance from House Republicans.

The Federal Deposit Insurance Corp. and Consumer Financial Protection Bureau have launched "Money Smart for Older Adults" with tips on preventing identity theft and other common scams and how to prepare financially for life events.

Law professor Saule T. Omarova is suggesting regulators require pre-market approval for complex financial instruments like derivatives to curb systemic risk in global markets. How effective would such a program be?

Federal Deposit Insurance Corp. Chairman Martin Gruenberg signs memorandum of understanding with Canadian counterpart expressing the two agencies' "willingness to cooperate with each other" in resolutions of cross-border institutions.

Banks and insurers are expected to make the case at closed-door hearings being held later this week by the Federal Housing Finance Agency that forced-placed homeowner's policies should remain the purview of state regulators. The discussions are part of a broader debate over how to reform the force-placed insurance market. The controversy revolves around claims by consumer advocates, state regulators and others that banks and insurers have colluded to drive up the cost of such coverage, which is "force-placed" on often struggling homeowners who allow their standard hazard policies to lapse.

The Office of the Comptroller of the Currency said Wednesday it would give the seven largest national banks more time to push out their swap activities as required by the Dodd-Frank Act.

The Consumer Financial Protection Bureau has released a report in which it found widespread misuse of overdraft fees among banks. Agency acting director Richard Cordray warned of potential harm to consumers and indicated that action is likely. American Banker editors discuss what the CFPB found how it's likely to respond in a market worth $32 billion in revenues to the banking industry.