Regulation

Instawallet, a Bitcoin wallet service, has "suspended indefinitely" because of fraudulent access, according to a notice on the company’s website today. It is the latest in a series of attacks and glitches to afflict businesses that work with the digital currency.

The plan, which was first reported by the Washington Post, sounds similar to a framework the Federal Housing Finance Agency unveiled in September to help alleviate mortgage lenders' concerns about exposure to bad loans.

The Federal Reserve Board approved a rule Wednesday that outlines the criteria regulators will use to determine if a nonbank is systemically important.

A number of community banks are relying on fixed-rate loans to produce short-term profits, but the move could backfire when interest rates rise.

There is no simple solution to "too big to fail," a complicated problem born of a series of policy missteps that will take years to unwind. The sooner everyone accepts that reality, the sooner we can tackle the necessary items to make sound public policy.

Federal Reserve Board Gov. Daniel Tarullo said Wednesday that regulators have not yet eliminated "too big to fail" but continue to make progress in that direction.

Lawyers representing retail trade organizations in the class action over card swipe fees are preparing "a strong response" to allegations that they are misleading in how they urge their members to oppose the proposed settlement in the eight-year-long case.

ReD plans to introduce its fraud prevention services in Latin America and the Caribbean, two growing card payments markets that are undergoing migration to EMV smart cards.

Responding to feedback from community banks about the need for more technical assistance, the FDIC unveiled the first of three online video series to help train new officers and directors.

Analysts are skeptical lenders can cut overhead fast enough to keep up with a projected collapse in mortgage volume. Some banks are intent on taking a bigger piece of the pie.