Regulation

It's time to roll back the $250,000 coverage limit on FDIC deposit insurance, Boston University finance lecturer Mark Williams says.

Even as more states legalize marijuana, banks are abstaining from dealing with cannabis dealers. So call bankers stodgy. Call them unhip. Just don't call them noncompliant with industry regulations and federal drug laws.

The Clearing House Association has hired Gregg Rozansky as managing director and senior associate general counsel.

A U.S. district court closed a Houston-based debt collection operation that allegedly illegally used insults, lies and false threats to collect on payday loans, according to the Federal Trade Commission.

Democratic lawmakers, including Sen. Elizabeth Warren and Rep. Maxine Waters, are asking regulators for more detail on a recent settlement with mortgage servicers that halted an independent foreclosure review started last spring.

White's determination to succeed and legal competence will make her the most formidable chair of the Securities and Exchange Commission yet.

Sens. Johanns, Alexander and Cornyn are backing a bill that would stop CFPB funding for carrying out any actions that require a confirmed bureau director, in the wake of a controversial court ruling.

Comptroller of the Currency Thomas Curry believes regulatory cooperation between examiners is key to navigating the division of responsibilities that the Dodd-Frank Act made to bank regulation.

MasterCard continues to ride the plastic wave in worldwide payments. The Purchase, N.Y., company on Jan. 31 reported fourth-quarter net income of $605 million, driven in large part by growing use of its credit and debit cards outside of the United States.

Elizabeth Warren, the new senator from Massachusetts and the CFPB's founder, is uniquely positioned to cut a deal on the agency's structure, a move that could pave the way to confirm Richard Cordray as head of the agency and remove legal uncertainty surrounding its powers.