Regulation

Regulators are not in the bank on a day-to-day basis; usually they can only judge actions after the fact and without all of the relevant information and considerations.

Wells Fargo CEO John Stumpf said banks are no longer "too big to fail," and admonished fellow bankers to accept the existence of the Consumer Financial Protection Bureau.

Weve, a joint venture between the UK's three largest telcos, has chosen The Logic Group to provide technology to test a loyalty and coupon program.

The Independent Community Bankers of America has elected its executive committee for the next year.

The Consumer Financial Protection Bureau proposed adding nonbank student loan servicers, which account for over 70% of the student loan market, to its supervision program.

The Senate Permanent Subcommittee on Investigations' probe into the JPMorgan Chase "London Whale" trading debacle provides a harsh critique of bank misbehavior, but also raises critical questions about the regulators trained to police it.

While many bankers cite new regulations or the sluggish economy as their primary challenges, PNC's CEO-in-waiting said that an even bigger hurdle could be figuring out how to charge customers for products and services that banks currently give away for free.

In its second round of stress tests in two weeks, the Fed rejected two banks' capital plans — Ally and BB&T — while it found weaknesses in two others, JPMorgan Chase and Goldman Sachs.

Richard Cordray, director of the Consumer Financial Protection Bureau, tried to calm community bankers' fears on Wednesday by telling them not to be concerned over the new mortgage rules issued by the agency. The CFPB's new mortgage rules will take effect next year.

Sen. Elizabeth Warren argued that Republicans opposing Richard Cordray's nomination to lead the Consumer Financial Protection Bureau is only meant to undercut the agency's work.