Regulation

The Federal Reserve Board Tuesday published a list of which banks must comply with the central bank's cap on debit-card swipe fees, as well as a list of those exempt from the cap.

Guardian Analytics Inc. plans to launch an outsourced fraud-prevention service on July 13 that will help financial institutions meet new Federal Financial Institutions Examination Council guidelines released June 29.

A daylong meeting Tuesday of the Federal Deposit Insurance Corp.'s advisory committee on its new resolution powers — with an impressive list of participants led by former Federal Reserve Chairman Paul Volcker — produced its share of one-liners.

Reps. Barney Frank and Ron Paul do not agree on much when it comes to banking, but when it comes to pot they're in lockstep. The two House Financial Services Committee members from opposite ends of the ideological spectrum introduced a bill last week that would remove marijuana from the list of controlled substances and give the states power over the issue, according to the Associated Press.

Rep. Ron Paul lobbed a new accusation at the Federal Reserve last week by suggesting it was "hiding" some of the country's gold reserves.

A House Financial Services subcommittee hearing Wednesday will explore whether recent changes in loan-origination rules will hurt consumers' chances of getting a mortgage.

A federal judge Monday deferred a final decision on whether to approve a class-action settlement that would resolve a lawsuit over Encore Capital Group Inc.'s collection tactics.

Even as he favored a broader exemption from risk retention than currently proposed, Rep. Barney Frank said Monday regulators should not undermine skin-in-the-game rules by turning the exception into the rule.

While some bankers are secretly gleeful the Consumer Financial Protection Bureau does not yet have a director, they are the ones likely to pay a heavy price as a result.

The first three failures of the quarter — two in Colorado, one in Illinois — late Friday cost the Deposit Insurance Fund an estimated $590 million and brought the year's toll to 51.