Regulation

It's not enough for banks to avoid deceptive practices. As the CFPB's latest enforcement action against JPMorgan Chase makes clear, banks are obligated to ensure their systems protect consumers from easily preventable mistakes.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

The Financial Stability Board said that it is tabling its work to develop methodologies for identifying systemically risky asset management firms until after other work to develop an activities-based regulatory approach has completed.

The Senate approved a controversial bill to fund the country's highway spending Thursday, setting up a protracted fight for the banking industry that will continue over the August recess.

Home Affordable Modification Program denial rates are still high, but the Treasury Department and top mortgage servicers contend that the numbers have improved.

The Federal Housing Administration is expected to rebuff a government watchdog report that blasted down payment assistance programs. The report has raised concerns that mortgage lenders would have to indemnify FHA for past loans, and that housing finance agencies would have the programs restructured.

A recent FCC ruling lumps legitimate businesses in with the telemarketing abusers and will hold banks to unrealistic standards.

The nation's Federal Reserve Banks have kicked off a multi-year process aimed at speeding up our often painfully slow payment system. Earlier this month, a Fed task force on the issue elected a steering committee that will play a key role in defining a path forward. The 19 members on the steering committee represent various parts of the payments ecosystem, including banking giants, corporations like Walmart that are large users of the payment system, and payment innovators like Dwolla and Ripple Labs. Here's a look at 13 of them.

WASHINGTON — Republican lawmakers continued their assault Wednesday on a portion of the Dodd-Frank Act that grants the Federal Deposit Insurance Corp. the ability to seize and unwind a failing banking company, arguing that reforming the bankruptcy code is a better way to tackle "too big to fail."

Former Texas Gov. Rick Perry laid out a sweeping financial reform agenda on Wednesday, suggesting he would force the biggest banks to hold even more capital or reinstitute elements of the Glass-Steagall Act.