Regulation

Prepaid companies have lowered their card fees over the past few years, but now regulators may give the still-fractured industry another push towards simpler prices.

Politicians and regulators want taxpayers to believe two things: first, that financial crisis had multiple complex causes mostly related to excessive risk-taking, conflicts of interest and deregulation — a view unconvincingly supported by the exculpatory 662 page summary Report of the Financial Crisis Inquiry Commission; second, that public regulation is a sisyphean task requiring the 2313 page Dodd-Frank Act. This diagnosis and prescription are both wrong.

The House Financial Services Committee is set to vote on a bill that would benefit just one institutions: Emigrant Bank, whose CEO Howard Milstein has made contributions to many of the bill's co-sponsors. And people wonder why Americans are cynical about politicians.

Prepaid cardholders are certain to enjoy more federal protection soon. But it remains open to debate how much those protections should resemble those for conventional bank accounts.

JPMorgan's trading loss should send shudders down the spine of shareholders, management and regulators. The once paragon of risk management has turned into a case study of what not to do.

The Federal Reserve Board has given a Premier Bank in Denver 90 days to become adequately capitalized or sell itself.

The Supreme Court affirmed Tuesday the right of lenders to use their debt as currency in bankruptcy auctions in a unanimous decision sure to reverberate through the corporate-restructuring community.

Several lawmakers pushing a bill that would assist only one institution - Emigrant Bank of New York - have received campaign contributions from its top executive, Howard Milstein.

The growing challenges that bankers face amid a fast-changing technological and regulatory landscape were the focus of CEB TowerGroup's annual conference in Boston last week.

There are at least three ways to break a bank. Give him a little more time and Jamie Dimon may demonstrate all three of them.