Regulation

William Harrison, Jr., the former Chairman and CEO of JPMorgan Chase and an outspoken defender of large banks, says forced breakups are not in the cards.

State regulators in Colorado have filed fraud charges against the former chief executive of Bank of Choice.

The Consumer Financial Protection Bureau's expanded complaint database is leading to better response times, but the reputational risk of publicizing disputes is causing concerns.

Limiting the number of overdraft fees could cause consumers to miss important payments, be denied necessities and wind up with negative information on their credit reports.

The Consumer Financial Protection Bureau announced Thursday a massive expansion of its consumer complaint database. It will be nearly 5 times larger, making it the biggest public collection of financial consumer complaints submitted to a federal regulator.

More states have introduced bills that would prohibit retailers from adding surcharges to credit card transactions. Few, if any, actually do so, but an outright ban could further weaken their negotiating power with Visa and MasterCard.

Never before have Washington's bitter bipartisan battles created a more contentious environment for would-be financial regulators who make their way up Capitol Hill seeking Senate approval. That's the popular notion, anyway. In truth, the Congressional approval process has long been fraught for financial regulators, as the following examples illustrate.

Bank of America Merrill Lynch launched two new software applications designed to address Dodd-Frank Remittance Regulation 1073, which establishes a new regulatory framework for cross-border payments.

Defendants in a collection operation agreed to settle Federal Trade Commission charges after allegedly misleading consumers into paying unnecessary fees and falsely threatening consumers with lawsuits.

Mackinac Financial (MFNC) in Manistique, Mich., has received regulatory approval to buy back nearly two-thirds of the preferred stock it issued under the Troubled Asset Relief Program.