Regulation

Bank directors and officers who agree to settle claims brought by the Federal Deposit Insurance Corp. in its capacity as receiver may find themselves next confronting a lifetime ban from the industry.

Tax authorities all over the world are making decisions on how to view the new and increasingly popular decentralized digital currencies such as Bitcoin.

Banks would have to upgrade their systems to accommodate faster transactions, and originating banks would pay the receiving financial institutions a fee to cover those costs, under a plan from Nacha, the industry group that sets ACH rules.

For too long, both companies and regulators have bought into a narrative that makes the financial industry dependent on the government for rescues and direction. It’s time to pen a new plot.

As the Consumer Financial Protection Bureau readies a proposal to rein in debt collectors, significant questions remain about how it plans to treat banks that collect their own debts as opposed to hiring third parties.

Banks that collect their own debt are certain that the CFPB plans to ratchet up its regulation of their activities. But it's unclear how the CFPB plans to do this, and some question whether the bureau has the authority to do it at all.

Amid huge regulatory pressure to strengthen anti-money-laundering controls, banks are grappling with a shortage of compliance talent.

Fannie said it will immediately begin accepting applications for fixed-rate 97% loan-to-value financing of borrowers with FICO scores as low as 620. Freddie, meanwhile, took a more cautious approach, delaying the start of the program, requiring credit counseling, and in some cases only allowing FICO scores as low as 660.

U.S. lawmakers may follow their European counterparts and regulate bankers' pay if reforms aimed at ending government bailouts for lenders stall, Federal Deposit Insurance Corporation Vice Chairman Thomas Hoenig said.

Fannie Mae and Freddie Mac have set terms for letting borrowers put down as little as 3% of a home's cost to get mortgages, a step criticized by Republican lawmakers as a return to risky lending.