Regulation

The Consumer Financial Protection Bureau faces the task of determining how the 2009 credit card reform law has influenced the cost of credit. Its conclusions will likely offer clues to its future rulemaking and spur further clashes between bankers and consumer advocates.

Deferred prosecution agreements involving HSBC's money laundering scandal and similar cases have practical advantages. But they also raise concerns that big banks are getting off easier than small ones.

The FTC asked a U.S. district court to halt an operation that allegedly placed more than $70 million in bogus charges on consumers’ phone bills.

Federal regulators are partnering up to take a close look at whether banks provide collections agencies with sufficient evidence to back up demands that consumers repay debts. The action could result in a revamping of the multi-billion dollar business.

Federal regulators have hinted they'd like to toughen the rules governing the way banks collect delinquent consumer debt. Making them stick would likely prove challenging.

Regulators and banks should develop a system allowing lenders to go bust without damaging the world economy to help restore public trust in the industry, JPMorgan Chase (JPM) Chief Executive Officer Jamie Dimon said.

Citigroup's Michael picks a team much like him, the Consumer Financial Protection Bureau weighs in on force-placed insurance and banks release good-news, bad-news earnings reports.

The Minnesota Department of Commerce closed the $50.2 million-asset 1st Regents Bank in Andover on Friday.

Defendants in the Federal Trade Commission’s case against Rumson, Bolling & Associates agreed to a settlement that permanently bans them from the debt collection business.

The CFPB issued rules Friday that ban compensation to mortgage originators based on loan terms, such as higher interest rates or a high-cost loan. The rule is meant to prevent lenders from steering borrowers into riskier loans for a higher payouts.