Regulation

The Durbin Amendment has made debit card transactions more transparent, increased marketplace competitiveness and reduced prices. Now Congress needs to focus on credit cards.

With President Obama re-elected and Senate Democrats in the legislative driver's seat, the Dodd-Frank Act is here to stay.

Consumers who travel with debit or credit cards have no obligation to report their bank account balances or the size of their credit lines. Certainly those who rely on prepaid cards to access financial services should be entitled to the same rights.

The news that the CFPB's Deputy Director Raj Date will be leaving the agency has provoked anxiety in banking circles. Despite objections to the new agency, many have appreciated his expertise and deep understanding of the industry.

Bitcoin enthusiasts, playing off the holiday tradition of Black Friday sales, held their own Bitcoin Friday last week, leading to a spike in Bitcoin transactions at some — but not all — participating merchants.

Michael J. Covatto, former president of now-defunct Unicredit America Inc., must pay $522,780 in civil penalties and legal fees under a judgment against him in Erie County (Pa.) Court.

The Financial Stability Oversight Council voted unanimously Tuesday to suggest ways to reform the money market mutual fund industry in an effort to break through a logjam at the SEC.

Raj Date, the deputy director at CFPB, is seen as a moderating influence at the agency, given his past experience as a banker. His pending departure leaves bankers nervous about the future.

The agency's annual independent actuarial report is expected to show that its capital reserves have been depleted by rising levels of defaults. FHA could shore up its finances by increasing its enforcement against banks and other lenders, but it may also need to tap the Treasury for the first time in its history.

Mortgage servicers are making a push to remind homeowners who may be facing foreclosure they have roughly 48 days to request independent reviews.