Regulation

Lazard Ltd.'s Antonio Weiss has withdrawn from consideration to be Treasury undersecretary for domestic finance as his nomination ran into opposition from Democrats in the Senate.

A new push by President Obama to tighten cybersecurity at banks and other businesses could help light a fire under some firms that have historically been slower to react in the wake of a data breach and help financial institutions dealing with a tangle of confusing state laws.

The National Credit Union Administration is due Thursday to unveil a second version of its risk-based capital rule after pressure from lawmakers and the credit union industry forced it to scrap its first attempt.

The influential Treasury Undersecretary David S. Cohen will take over as Deputy Director of the nation's top spy agency after years of managing U.S. sanctions and effort to counter illicit financial networks

The Federal Deposit Insurance Corp. is attempting to clarify its policy regarding brokered deposits after a persistent flood of inquiries from bank and others about what meets the definition.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Government investigations of auto lending are beginning to pile up, and they are weighing on investors' perceptions of the fast-growing industry.

A San Diego-based debt collector has agreed to pay $675,000 in civil penalties and give up $18 million won in court fights against 4,500 consumers, New York Attorney General Eric Schneiderman said Friday.

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 except when otherwise noted.

The European Commission last month drafted another version of its proposed revision of the Payment Services Directive, known as PSD2 in Europe, with a goal of enacting a wider regulation of payments and interchange fees that reflects modern technology, security threats and stakeholders in payments.