Regulation

Google has changed the rules about how issuers get into its mobile wallet, and American Express is the first to vocally and vehemently oppose Google's new setup. The outcome of this dispute could decide who controls transaction data in mobile payments.

The agency used a cross-guaranty liability agreement to receive 85% of the proceeds from a Kansas Bank's sale to Arvest Bank in Arkansas. The deal is notable to companies with multiple banks, particularly those that are undercapitalized.

The U.S. Commodity Futures Trading Commission may propose allowing swaps between a financial company's affiliates to be exempt from rules designed to reduce risk in the market, three people briefed on the matter said.

The judge overseeing the Visa/MasterCard swipe fee dispute will not approve the settlement until the second half of 2013. In the interim, this deal must get through numerous hurdles.

Southwest Bancorp (OKSB) in Stillwater, Okla., has repurchased all of the $70 million in preferred securities it sold to the Treasury Department under the Troubled Asset Relief Program.

The agency is desperately trying to avoid a bailout this year by settling disputes with major banks for cash, selling severely delinquent loans and raising insurance premiums for new borrowers.

Standard Chartered CEO Peter Sands hit back at a New York regulator's claims the bank broke U.S. sanctions, and said he saw "no grounds" for revoking the lender's license.

Jeffrey Kutler, editor-in-chief of Risk Professional magazine, isn’t surprised that bankers have balked at new regulation. But if there’s still debate about whether or not the Volcker Rule would have prevented JPMorgan's trading losses in the London office “what does that imply about the overall quality of the reform effort?” he asks.

A veteran who served in Afghanistan has filed a class-action lawsuit alleging Bank of America threatened to foreclose on his home and violated the Servicemembers Civil Relief Act.

Jeff Gerhart, the chairman and CEO of Nebraska's Bank of Newman Grove, is trying to help farmers with drought issues while also tackling concerns over Basel III rules and implementation for the Independent Community Bankers of America.