Regulation

KeyCorp’s biggest deal since Beth Mooney became CEO would make it the 13th largest U.S. commercial bank if approved, and a proposal from Virgin Money's Jayne-Anne Gadhia could prompt the U.K. to peg bank exec bonuses to gender diversity. Also: Barclays' Barbara Byrne, KKR's Suzanne Donohoe and JPM's Eileen Serra.

The CFPB is evaluating whether it should take legal action against the Minnesota company for how it handles overdraft protection. The move comes as TCF takes steps to become less dependent on services charges for fee revenue.

Raj Date, the consumer bureau's former deputy director, said Thursday regulators need to be flexible, responsive and use discretion when it comes to dealing with financial technology startups.

Wells Fargo has agreed to pay $81.6 million to settle a federal investigation into its alleged failure to properly notify homeowners of increases in their mortgage payments.

Financial institutions that hold government debt would be severely affected if Puerto Rico is allowed to restructure its constitutionally-backed debt.

TCF Financial faces a potential lawsuit from the Consumer Financial Protection Bureau over the way the Wayzata, Minn., company charges overdraft fees.

The relevant question is no longer whether new regulations will come for the fast-growing industry, but what form they should take.

WASHINGTON — The financial services sector has been sharing information on cyber threats despite potential legal ramifications, but passage of a cybersecurity bill still winding its way through Congress may put those handshake deals into writing and bolster cyber-defenses.

Federal Reserve Chair Janet Yellen faced tough questions from lawmakers on Wednesday covering a range of issues, including small bank burden, executive compensation, and living wills at a hearing focused solely on banking regulation.

WASHINGTON – The Federal Trade Commission on Wednesday launched a massive sweep against harmful debt collection practices in coordination with other federal, state and local authorities.