Regulation

Assistant Attorney General Thomas Perez pressured the city of Saint Paul to withdraw a Supreme Court case that was supported by banks and threatened to undercut a key way the government targets lenders over fair lending laws. Republicans are crying foul.

The National Restaurant Association said Tuesday morning that it is joining the growing opposition to the proposed $7.2 billion antitrust settlement with Visa and MasterCard over fees for credit card transactions, another major setback to the endangered deal.

Fincen must be independent enough to be an honest broker in its rulemaking and enforcement network roles, while remaining responsive to the policy objectives of Treasury and statutory mandates from Congress.

Discover’s $200 million payout is substantially higher than the typical settlement between a lender and a banking regulator, suggesting the CFPB wants to significantly raise the financial cost of violations.

The banking system should not be used to hide the cost of Congress's social programs.

In former FDIC Chairman Sheila Bair's insider account of the financial crisis and its aftermath, Bair provides a detailed look at regulatory battles and delivers a scathing portrayal of Treasury Secretary Tim Geithner. She also offers key recommendations for reform, including abolishing the OCC.

Discover Financial Services has agreed to refund hundreds of millions of dollars to settle a regulatory probe of its credit card marketing practices.

The Catbird PCI Solution Guide, co-published with cloud software provider VMware Inc., is an auditor-reviewed reference to help organizations interpret updated PCI DSS requirements as they relate to cloud-based systems.

Mortgage firms including Bank of America that repeatedly ignored rules meant to improve service for struggling homeowners said they're on the verge of complying with standards ordered in a $25 billion settlement.