Regulation

In an unintended consequence of the newly revised federal rules on cybersecurity, banks are likely to fare much worse in lawsuits over fraud losses.

Retailers such as 7-Eleven Inc. pulled out the stops to get consumer support during the merchants’ lobbying campaign to win lower debit interchange fees.

Inquiring minds have been dying to know: who was Elizabeth Warren rushing to meet when she left a House Oversight subcommittee hearing after a dispute with the chairman?

The Mortgage Bankers Association is asking the Consumer Financial Protection Bureau to sit down with key stakeholders as it continues to revise mortgage disclosure forms.

At the last board meeting led by Federal Deposit Insurance Corp. Chairman Sheila Bair, the agency finalized details of its new resolution authority for giant nonbanks, but delayed action on "living will" requirements for systemically important firms.

The Federal Deposit Insurance Corp. board of directors Wednesday will address the internal resolution plans firms will submit to assist a hypothetical wind-down, and the creditor-claims process for seized financial behemoths.

Although the administration has made clear that it supports a more narrow preemption standard, industry watchers say Curry, a former state regulator tapped as the next head of the Office of the Comptroller of the Currency, is unlikely to disagree sharply with policies developed by his predecessors.

Regulators are hitting banks with fewer enforcement actions, but don't assume that means the industry's getting healthier. The decline could merely reflect a shrinking pool of candidates for regulators to flag for errant behavior, some industry observers say.

Key credit union industry leaders this month are scheduling meetings with members of Congress to make sure credit unions will be appropriately protected in the Federal Reserve Board’s final debit-interchange rules that go into effect Oct. 1.

In India, noncash transactions, such as balance inquiries, PIN changes and ministatement requests, must be included in the number of free transactions banks’ customers may conduct at other institutions’ ATMs, according to a directive from the Reserve Bank of India that takes effect July 1.