Regulation

Have we learned the lessons of the financial crisis? The answer lies somewhere between "no" and "not enough," says former FCIC Chairman Phil Angelides, who offers some ideas for fixing finance.

An estimated 500 collection agencies and creditors were sued in the June 1-15 period, down from 584 in the previous half-month period, according to data pulled from U.S. District Courts.

States’ efforts to rein in fly-by-night companies are starting to have an effect on some payments startups’ operations.

WASHINGTON–It was a compromise that pleased no one, including the Federal Reserve Board officials who voted for it.

WASHINGTON — The Federal Reserve Board on Wednesday suggested raising the debit interchange fee cap to 21 cents per transaction, but it gave banks a little bit of leeway to charge even more if they meet certain fraud prevention standards.

Federal regulators on June 28 released updated guidance on how banks should guard against cyber-security threats.

WASHINGTON -- The Federal Reserve Board on Wednesday suggested raising the debit interchange fee cap to 26 cents per transaction – more than double its initial proposal of 12 cents.

WASHINGTON — On the eve of the much-anticipated release of a final rule on debit card swipe fees, the lobbying group for retailers made a final plea that the Federal Reserve Board maintain its initial proposal of 12 cents per transaction.

The United Kingdom’s Office of Fair Trading wants the region’s passenger-travel companies to alter what it deems misleading debit and credit card surcharging practices.

Minnesota’s TCF Bank asked a federal appeals court yesterday to order the Federal Reserve to provide the court with an advanced copy of the Fed’s final debit rule to be voted next week, in order to help the court deliberate over the bank’s suit to stop the rule.