Regulation

Regulators' power to order restitutions is meant to be limited, but some courts are taking a broad interpretation of a key statute.

The Federal Bureau of Investigation is looking into whether hackers working on behalf of any U.S. financial institutions disabled servers that were being used by Iran to attack the websites of major banks last year.

The council will confront several challenges in the new year, including a potential formal contest from life insurer MetLife over its recent designation as a systemically important financial institution and ongoing efforts to investigate the asset management industry.

Community banks go against their own interests when they oppose regulations that mainly affect big banks and leave smaller institutions unscathed.

WASHINGTON — The Consumer Financial Protection Bureau is urging the Department of Defense to finalize a proposal meant to stop lenders from offering expensive credit to military personnel.

The head of the Financial Action Task Force, an international group that sets money-laundering standards, warns that many foreign institutions are now feeling the effects of the push inside American banks to cut off large swaths of customers.

The banking industry and federal regulators are struggling to find a middle ground between financial inclusion and preventing bad guys from gaining access to the mainstream financial system — but it doesn't appear a solution is coming anytime soon.

The Federal Deposit Insurance Corp. issued four consent orders in November, according to its latest monthly roundup of enforcement actions published Monday.

Centralizing reporting and response functions can help banks better spot compliance shortcomings. It's also a good way to foster trust with regulators.

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