Regulation

The average checking account costs banks about $350 annually, American Banker reported this month. But whether banks should use that estimate in determining individual customer profitability remains up for debate.

Most executives in the prepaid debit card market agree any future federal regulations that demand better disclosures on products are good for the industry.

The central bank on Tuesday released a 173-page proposal governing how it plans to supervise systemically important banks and nonbanks. The plan covers everything from capital requirements to stress tests.

The state Attorneys General need to get a deal done soon, or they — and by extension American homeowners and those who have lost their homes — lose.

A Stanford University professor has filed a letter with the Federal Communications Commission urging it to investigate Verizon Wireless’s blocking of Google Wallet on its new smartphone.

Senate GOP leaders moved to block the confirmations of Marty Gruenberg, Tom Hoenig and Thomas Curry because the Obama administration refused to promise it wouldn't use its recess appointment powers for the CFPB and other agencies.

Iowa Attorney General Tom Miller has said the state attorneys general may be ready to announce a deal with the top five mortgage servicers by Christmas. But industry observers, sources and recent news reports suggest the two sides are still ironing out the final details, raising doubts about a deal announcement this week.

The central bank is expected to release a batch of rules implementing Sections 165 and 166 of the Dodd-Frank Act that dictate everything from risk-based capital requirements to how the Fed will supervise systemically important financial firms.

The FDIC's job in this instance is simply to recover as much taxpayer money as possible from a bank failure, not to right the scales of justice, a D&O insurance lawyer says.

The SEC is unlikely to see much financial gain, or praise, from suing former Fannie and Freddie bosses. Instead, its suits' biggest effect might be in rendering the defendants unemployable.