Regulation

American Express Co. Chairman and Chief Executive Officer Kenneth I. Chenault netted $15.4 million before taxes from the exercise of stock options and the sale of restricted shares.

The PCI Council’s directions for Payment Card Industry Data Security Standards are expanding as mobile commerce grows and when combined with local differences in diverse markets, the new guidance statements can be a compliance challenge for issuers that operate in multiple nations. The use of “compliance-as-a-service,” or CaaS, to provide managed monitoring and compliance updates to keep up with changes is an emerging option for large card issuers.

FDIC Vice Chairman Thomas Hoenig says large bank reviews are missing key fundamentals and calls for "systematic reviews," similar to what examiners do for community banks.

A plan by Fannie Mae to slash premiums for replacement homeowners insurance has been killed by the Federal Housing Finance Agency, according to people informed of the agency's decision.

Citizens Bank of Kansas is seeking to switch from a national to a state charter.

Ranking members named by the GOP to the Senate Banking Committee's subcommittees include Sen. Mike Johanns of Nebraska and Sen. Patrick Toomey of Pennsylvania.

Consumer credit reports contain many errors, causing some consumers to pay higher rates for loans, the Federal Trade Commission said Monday.

A new federal rule issued by the Department of Housing and Urban Development on housing discrimination will likely make it harder for banks to prevail in fair-lending disputes.

Federal Reserve Board Vice Chair Janet Yellen said Monday that policymakers continue to face a significant number of headwinds that have stalled often "forceful" efforts by the central bank to jump start an economic recovery.

The Consumer Financial Protection Bureau will require some mortgage servicers to develop general plans for avoiding complications arising from the transfer of servicing rights.