Regulation

The Federal Deposit Insurance Corp. chairman gave an update on the agency's community bank work and said the agency is on target to reach a statutory minimum for insurance reserves.

In a March 12 letter, Sen. Bob Corker, a senior member of the Senate Banking Committee, raised concerns about whether the Financial Stability Oversight Council would wind down a healthy institution due to concerns regarding whether the bank is "too big to fail."

A region-wide department chain filed suit against Visa challenging the payment card industry standards under which the merchant was fined $13 million for a 2010 data breach.

Sens. Mark Warner, D-Va., and Bob Corker, R-Tenn., are asking Attorney General Eric Holder to clarify his admission last week about whether some financial institutions are too big to prosecute.

The Permanent Subcommittee on Investigations' hearing into the "London Whale" mess at JPMorgan Chase will include a number of bank and OCC officials. Notably absent will be JPM CEO Jaime Dimon.

Global money transfer company Xoom is launching Pay Only When Received (POWR), a model through which the company does not withdraw money from a sender's bank account until the funds reach the recipient.

Former JPMorgan Chase chief investment officer Ina Drew will testify March 15 at a Senate hearing into her department's botched derivatives bet and record trading loss.

House Financial Services Committee Chairman Jeb Hensarling is questioning whether the Federal Reserve Board can transfer funds to the Consumer Financial Protection Bureau if the is agency without an appointed director.

American Express Co. faces many challenges over the way it operates, but the CEO's 2012 compensation signals that the company is focusing on its strengths.

Bankers at the trade group's annual conference want to focus on momentum, although many acknowledge lingering doubt about the future.