Regulation

A cloud is hovering over bankers due to the Durbin Amendment and its impending impact on their revenue. However, for bankers who focus on unique opportunities to grow their customer base, these regulatory changes coupled with emerging technologies can present a profitable silver lining.

The vast majority of companies continue to fall short of complying with the Payment Card Industry Data Security Standard during their initial audit, with 79% failing and only 21% getting a passing grade, contends a report Verizon Communications Inc. released Sept. 28.

A federal court has blocked enforcement of a new rule affecting subprime credit card issuers that the Federal Reserve Board established as a result of the Credit Card Accountability, Responsibility and Disclosure Act.

The Federal Housing Finance Agency offered four options for revamping the economics of mortgage servicing earlier this year. Now it's down to two sharply contrasting plans.

International regulators have agreed to keep a proposed capital surcharge on the world's most systemically important firms despite concern among institutions that the extra fee will be excessive and crimp lending.

India’s card issuers are bracing for a change in telecommunication rules that, while fighting mobile spam, prohibits them from sending text message solicitations to some prospective credit card customers.

A Senate subcommittee will hold a hearing next week on speculation in the commodities markets — an issue addressed by provisions of the Dodd-Frank Act, which regulators are now implementing.

The head of a congressional panel that oversees the Internal Revenue Service says a proposed rule that would require U.S. banks to report interest paid to foreign account holders would discourage foreign investment and place an unnecessary burden on banks.

Credit-default swap dealers often hold on to risk from big trades for longer than many investors thought, which may complicate efforts by regulators to impose new reporting rules in the $28.4 trillion market, according to a Federal Reserve report.

Bankers, directly and through their lobbyists, have been expressing outrage related to the Basel III rules designed to ensure the safety and soundness of the global banking system. A top spokesman at the American Bankers Association, for example, was recently quoted saying that Basel III should be "put on a shelf."