Law and regulation

Retail credit unions can improve their net worth only through retained earnings. That's made a stressful period for all financial institutions particularly challenging for this category. Let them raise capital.

State attorneys general are pressing four regional banks — U.S. Bancorp, PNC, SunTrust and HSBC — to accept a settlement over botched foreclosures akin to a deal reached with big banks earlier this year.

MasterCard has acquired Truaxis Inc., a Silicon Valley start-up that crunches payment data to target special offers and discounts from merchants to debit and credit cardholders.

Democratic Rep. Barney Frank, who co-authored the 2010 financial regulatory overhaul, blasted Republican presidential candidate Mitt Romney Thursday for his opposition to the law.

The Federal Reserve Board has terminated an enforcement order against Rosholt Bancorp in Wisconsin.

The American Bankers Association voted Thursday to create a SuperPAC for bankers — but it has an alternative structure from Friends of Traditional Banking, the only other banking SuperPAC.

Federal Reserve Chairman Ben Bernanke doesn't want community bankers to stay up at night worrying about Dodd-Frank. Most of the provisions don't apply, he says. Well, what about the concern that the big bank requirements eventually be the norm for all? He assures us that won't be the case.

If President Obama wins reelection, Democrats are likely to stay on the defensive over Dodd-Frank while trying to grapple with the reform of Fannie and Freddie.

At the Democratic convention Elizabeth Warren, Massachusetts Senate candidate and pioneer of the Consumer Financial Protection Bureau, offered “the week's highest profile defense of the Dodd-Frank Act,” writes American Banker’s Kevin Wack.

After Elizabeth Warren's fiery speech to the Democratic National Convention, there is talk that if she wins the Massachusetts Senate seat in November, she may be a contender for president in 2016.

The American Bankers Association released its official slate of candidates who are set to take office at the group's annual convention next month.

JPMorgan Chase's wrong-way bets on derivatives are the focus of an escalating probe by a Senate panel led by Carl Levin that has grilled executives from banks including Goldman Sachs and HSBC.

The Fed unveiled on Thursday a new publication and website aimed at community bankers, including a question and answer session with Chairman Ben Bernanke on the challenges facing smaller institutions.

The Treasury Department will auction its stakes in five more banks — including shares it owns in an Illinois bank that it previously failed to sell — as it continues to wind down the Troubled Asset Relief Program.

The Consumer Financial Protection Bureau released the procedures for examining credit bureaus and consumer reporting companies, another step toward implementing its nonbank supervision program.

Dozens of institutions have banded together to voice concerns they say are being overlooked by lawmakers and regulators.

The anonymous blackmailers may be trying to manipulate the market price of bitcoins, even if their claim to possesses Mitt Romney's tax returns is hoax.

MasterCard became the first payments network to issue a license to a Myanmar bank as the Southeast Asian nation moves toward integrating with the global financial system after decades of military rule.

The capital markets are where growth is occurring today and if banks want to be profitable in the future they won't be able to do it solely or even principally by making loans.

A former manager of Borinquen Federal Credit Union in Philadelphia has admitted to embezzling $2.3 million from the institution, a theft that led to its closure last year.