Regulation

Bank of America Corp., the second-biggest U.S. bank, received formal inquiries from investigators pressing their probe into the possible rigging of a key international lending benchmark.

The Senate's failure to move forward on a bill to strengthen U.S. computer defenses leaves little chance that Congress can find a compromise this year, as lawmakers turn their attention to November's election.

American Express said it may be forced to refund customers as bank regulators weigh enforcement actions based on consumer-protection laws.

FHFA nixes principal reductions; Democrats seethe but bankers cheer DeMarco; end in sight for refi boom.

American Express Co., the biggest credit-card issuer by purchases, said it may be forced to refund customers as bank regulators weigh enforcement actions based on consumer-protection laws.

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.

What caused the big failures during the crisis? "Lousy management and lax oversight. Those are the problems we need to focus on," writes American Banker editor-at-large Barbara Rehm. "And whether anyone wants to admit it or not, those are exactly the problems the Dodd-Frank Act went after."

Bank of America said it will contribute a total of $738 million to settle a price-fixing case brought by retailers over credit-card swipe fees.

Four years after the height of the financial crisis, the tri-party repo market still poses a risk to the U.S. financial system, witnesses told Congress Thursday. Yet no federal agency has taken full responsibility for the reform process, Sen. Jack Reed noted.

Despite the setback, the issue may return when the Senate returns from recess in September.