Regulation

The Fed's hotly-anticipated road map outlining plans to speed up the U.S. payment system will call for the creation of several industry-led task forces and recommend building a new infrastructure to facilitate real-time payments.

Don Beyer, a northern Virginia car dealer who's running for office as a Democrat, is hoping to bridge the vast divide between the industry and the CFPB.

Small banks and credit unions should work together to put pressure on legislators and regulators to reduce unnecessary and cumbersome regulations.

The Volcker Rule's data-intensive requirements are creating headaches for banks that still rely on manual processes and use multiple, disparate systems for securities and different derivatives trading.

Heightened U.S. regulatory scrutiny of leveraged lending is leading the biggest banks to back away from funding some takeovers financed by debt, creating an opportunity for smaller competitors to step in.

WASHINGTON — Mortgage lenders will have 210 days to fix errors in their calculations of points and fees and reimburse borrowers for any overages under a final rule issued by the Consumer Financial Protection Bureau.

The payments company and big-bank trade group plans to create a ubiquitous, real-time payment system over the coming years, supplementing the push for same-day settlement of ACH transactions.

WASHINGTON – The Federal Reserve Board and Securities and Exchange Commission on Wednesday both signed off on an interagency rule requiring securitizers to hold 5% of the credit risk on loans sold to investors.

Christine Cumming, the first vice president and chief operating officer of the Federal Reserve Bank of New York, said Wednesday that she plans to retire next June.

A top enforcer for the SEC says the agency is worried that banks are concealing asset risk while also discussing his strategy for uncovering wrongdoing by banks and other firms.