Regulation

Global Financial Markets Association, which represents the banking industry in Brussels, Washington and Hong Kong, says major financial benchmarks should be regulated following the Libor-rigging scandal.

Advanced encryption methods, mobile payment security and various other technologies figure to be major topics once again when the Payment Card Industry Security Standards Council's participants meet this week.

Even with Wall Street and consumer advocates allied in pushing for it, a Securities and Exchange Commission proposal to raise standards for brokers advising retail investors has run aground.

The FDIC issued four consent orders against banks in July, after doling out three a month earlier. The agency used to hand out 10 or more a month.

WASHINGTON — State regulators closed First Commercial Bank in Bloomington, Minn., late Friday in the industry's 41st failure this year.

Regulators lifted an enforcement action against Anchor Bank in Lacey, Wash., and replaced it with a softer one.

There is still some hope to save Basel III, if regulators show a willingness to accept the reality that true harmonization is likely unachievable, according to a new paper by analyst Karen Shaw Petrou.

Mortgage Resolution Partners, the firm pushing municipalities to seize loans for borrowers owing more than their homes' values, said it would expand its proposed program to include delinquent and defaulted debt.

Under pressure from a regulator solely focused on protecting the consumers' financial interest, many banks have started abandoning suspect practices. Let’s keep it that way.

Virtual Piggy will integrate its youth payments technology into skateboard brand GoldCoast's e-commerce system.