Regulation

Stonegate Bank in Pompano Beach, Fla., has begun offering a MasterCard debit card for use by U.S. citizens while traveling in Cuba.

Presuming that medium-sized banks that offer hedging products face added interest-rate-risk fears misses the full story.

In an effort to crack down on consumer fraud, the Federal Trade Commission announced Wednesday that it will ban telemarketers from using four payment methods that are frequently abused by scam artists.

Republican presidential contenders are off base when they claim the Dodd-Frank Act spurred the decline in community banks, which in fact predated the law.

The telemarketing industry will not be allowed to use remotely created checks and other forms of payments under rules adopted by the Federal Trade Commission. The measures, designed to reduce fraud against consumers, drew opposition from the Federal Reserve Bank of Atlanta and the banking industry.

The House passed two controversial regulatory relief bills Wednesday evening ahead of the looming yearend budget fight.

Commercial and retail banking customers in some cases are being marginalized from the financial system, making de-risking a pressing social-policy issue, a Bank of America official said at a Clearing House conference.

The New York Department of Financial Services' letter indicating potential cyber rules are prompting concerns that the state's plans could lead to more stringent measures throughout the industry.

The online payday lender Integrity Advance is being sued by the Consumer Financial Protection Bureau for allegedly deceiving consumers about its loan costs.

The trade group is calling for increased scrutiny of tech companies that are increasingly encroaching on banks' turf, but Georgia banker Dan Blanton says banks also need to be thinking about ways to team up with these new players in payments and lending — or figuring out how to beat them at their own game.