Law and regulation

Attorney General-designate Sen. Jeff Sessions R-Ala., could pose a roadblock for marijuana businesses seeking financial services, but might also end a controversial Justice Department program targeting payment processors and financial institutions.

Wells Fargo has separated the roles of chairman and CEO and, as annual meeting season approaches, other large and regional banks could find themselves under pressure to follow suit.

In oral arguments held before the Supreme Court Tuesday, liberal justices appeared to struggle with plaintiffs' argument that state bans on credit card surcharges violate retailers' free speech, while the bench's conservatives appeared concerned about how states apply those bans.

Jeffrey Lacker, who has served as President of the Federal Reserve Bank of Richmond since 2004, announced Tuesday that he is retiring after 28 years of service at the bank.

Two Republican senators sent a letter to Vice President-elect Mike Pence calling for the removal of Consumer Financial Protection Bureau Director Richard Cordray.

Two influential Democratic senators' surprise objections to the OCC's fintech charter show that the initiative may be more politically fraught than the industry and agency expected.

Corzine Settlement; Deutsche Fills Post; Student loans

Regulators here made strides to encourage innovation in 2016, while Brexit cast doubt on the London fintech boom. Yet the cross-Atlantic payments battle is just beginning.

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 our social media platforms.

American Express has prevailed in its latest round of legal sparring with the Justice Department.