Regulation

A group of small businesses filed a lawsuit challenging New York's law prohibiting merchants from imposing surcharges to make up for the fees they must remit when customers pay with a credit card.

The Consumer Financial Protection Bureau released exam guidance on Tuesday that details how it plans to enforce its recently released mortgage regulations.

If federal regulators do not get the bulk of Dodd-Frank's provisions in place by the end of 2014, Congress is likely to take another, tougher whack at reform. It will make the 2010 law look tame by comparison.

As EMV-chip cards spread, with most U.S. merchants expected to accept the card by October 2015, there is still a major hurdle to overcome as consumers either resist the change or remain oblivious to it.

Brown-Vitter is a welcome display of bipartisanship. But its proposed solution to “too big to fail,” equity capital, is only marginally effective in imposing discipline on management.

Iowa Attorney General Tom Miller's office is heading an investigation into credit card collection practices, specifically focusing on the paperwork banks give to debt buyers.

Liberty Reserve provided a service that had a true market demand from legitimate business sectors and from non-criminals, notwithstanding the government’s claim that “virtually all” its business was illicit. If banks and traditional financial institutions still respected basic client privacy and facilitated some form of digital payments that did not always involve harmful reversibility to the merchants, then companies like Liberty Reserve wouldn't even be necessary.

The FDIC's decision to fund its emergency needs by calling upon banks to prepay future premiums back in 2009 suggests that the line to the Treasury may never be used.

The Financial Stability Oversight Council on Monday identified certain nonbank companies as potential threats to financial stability. Although it did not release names, AIG, Prudential and GE Capital later confirmed they were the firms initially tapped by the council.

Overdraft revenue at banks, thrifts and credit unions has stagnated over the last year, according to new research, as the industry absorbs the impact of past regulations and braces for potential future ones.