Regulation

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.

The concept of making anonymous online transactions is in the spotlight because of the prominence of the digital currency Bitcoin, but most consumers remain uneasy with the cryptocurrency's instability and risk. An alternative for the privacy-minded might sprout from Tor, or The Onion Router.

National Mortgage Insurance Co., a new company based in Emeryville, Calif., announced Thursday that Fannie and Freddie have granted it approval as an eligible mortgage insurer.

One week after American Express Co. announced that its fourth-quarter earnings fell sharply from a year earlier, the company filled in more details Thursday.

The Consumer Financial Protection Bureau's new mortgage servicing rules may force some servicers to exit the business altogether or simply outsource servicing of defaulted loans to third-parties, experts said Thursday.

Ohio Senator Sherrod Brown wrote a letter to regulators Thursday, arguing that "breaking the law should not be a business expense."

Piggyback litigation often follows regulatory actions, and the laws under the CFPB's jurisdiction all but invite follow-on private lawsuits. A huge number of companies may be exposed.

The Payment Card Industry Data Security Standard is all about money — but increasingly, the question is whether it's about protecting money or making money.

Citigroup's disappointing fourth-quarter report included an unexpected $500 million legal reserve related to its U.S. consumer businesses, as the CFPB reviews the bank's card products.

Shareholders, Congress and federal banking regulators are demanding greater accountability from executives and boards for risk management lapses. States ought to rise with the tide.