Regulation

It is neither the intent nor the practice of NCUA to influence a vote on a credit union conversion. Our rules protect members' rights to make well informed decisions.

Under new international rules, mutual banks in the U.S. will need a way to issue marketable securities to raise capital. Core capital deferred shares, a U.K. innovation, offer a model.

In a rare coordinated effort Monday, all three federal banking agencies, the CFPB and the state regulator in Utah announced more than $112 million in enforcement penalties against American Express for card practices that allegedly violated a range of consumer protection laws.

With only two enforcement actions under its belt, the Consumer Financial Protection Bureau is already sending a clear message to institutions that run afoul of consumer protection laws: get ready to pay big.

The FTC will refund more than $11,000 to consumers who allegedly were charged an illegal fee by a collection agency before providing a promised credit repair product.

The Financial Stability Oversight Council moved forward on its task, required by Dodd-Frank, of identifying nonbank financial institutions that pose a systemic risk. In phase three you only find out if you're a candidate.

Unicredit America Inc., the Erie, Pa.-based collection agency that used a fake courtroom to coerce debtors to pay, could have to pay more than $1.2 million in penalties pending a ruling.

Wintrust Financial in Rosemont, Ill., has agreed to buy another failed bank from the Federal Deposit Insurance Corp.

Two former executives at Washington Mutual, who paid fines to the Federal Deposit Insurance Corp. last year for the thrift's "reckless" lending practices, plot their next move.

Tucked away in Sheila Bair's new book are several interesting anecdotes, including a discussion with President Obama about foreclosure prevention, banking and books on Air Force One.