Regulation

While ICBA supports further study, we hope Congress will come to the conclusion that it should never have been proposed for financial institutions that have no international exposures or are not of a certain size.

The Consumer Financial Protection Bureau and Federal Housing Finance Agency announced plans to create a new mortgage database, more comprehensive and streamlined than existing state and federal ones, to guide policy decisions.

Wells Fargo contends that a federal lawsuit over its lending practices before and after the housing crisis contravenes the terms of the multistate mortgage settlement.

Of the eight U.S. banks that must face a capital surcharge under Basel III, only Citigroup and JPMorgan Chase have to pay the highest current level of 2.5%.

A group of some of the nation’s largest merchants and retail trade groups asked a federal judge Thursday to reject the proposed settlement of a lawsuit over credit card swipe fees.

Parkmobile USA, which had drawn fire for suggesting the debit interchange cap was behind its fee increase for D.C. customers, on Thursday issued an apology for the statement.

Independent foreclosure reviews at the major banks were meant to compensate wronged homeowners and restore some faith in the integrity of mortgage servicing. Instead, the process has become mired in questions of objectivity.

Visa seems to have weathered the most severe effects of new rules that shook its hold on the U.S. debit card market, though the company still faces a government investigation into the methods it is using to recoup lost revenue.

The Consumer Financial Protection Bureau and Federal Housing Finance Agency said Thursday they are teaming up to create a first-of-its-kind mega-database of mortgages to track market trends and support policymaking research.

Former FDIC Chairman Sheila Bair sees little to criticize in the approach that regulators took toward private equity.