Law and regulation

Last year, Citi began processing check and automated clearing house transactions in order from the lowest dollar amount to the highest, a move that minimizes the potential for overdrafts. Today, it wants to make sure consumers — and perhaps regulators — haven't forgotten.

The Basel capital accords are a serious policy mistake. It's time to return to financial supervision that relies on good judgment and on-site examinations.

A survey commissioned by the Center for Responsible Lending, Americans for Financial Reform, the AARP and the National Council of La Raza "found that 73% of voters, including both Republicans and Democrats, favor the Dodd-Frank Act and 66% of voters favored the creation of the CFPB," writes American Banker’s Victoria Finkle

The 2008 crisis bruised nonfinancial companies that rely on the markets to raise money and hedge risk. Take it from consumer goods makers — global standards like LEI will make doing business easier, in good times and bad.

Two banks owned by Mercantile Bancorp in Quincy, Ill., were among five failures on Friday, one of the busiest nights for closures in recent weeks.

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The New York Senator is asking the FDIC to extend credit to a troubled ski resort after its primary lender failed.

The Indiana bank states that it has made major strides since deficiencies were identified more than a year ago.

Trade association chief says group polled members and decided allowing the coverage to continue would reduce uncertainty. But group's position still differs from ICBA's proposed five-year extension.

The California company received the FDIC's blessing to sell 11 loans covered by loss-sharing arrangements. Industry observers believe more sales could take place now that this deal has been cleared to take place.

The industry group claims a proposal to enact strict limits on how much credit exposure the largest banks can have to a major counterparty has significant design problems that could raise the cost of credit.

Discover Financial Services is launching additional perks to its flagship credit card under the Discover It tagline in a test involving about 10% of the U.S. market, including Chicago.

Two of the bank's top lobbyists have moved outside of traditional government relations to help guide policy for new consumer and wholesale products.

Poverty is the next big business in banking - but there are plenty of pitfalls before it becomes the next big success in banking.

The card-fee kerfuffle, CFPB vs. Cap One, a summer of scandals and earnings. As discussed by American Banker editors.

Looking for that comprehensive software package to handle Dodd-Frank compliance? Not finding it? "That stands to reason, given how few of the rules and regulations implementing the sweeping reform bill have been written," writes Bank Technology News editor Penny Crosman.

Ignoring JPMorgan Chase's chutzpah would be rewarding it. Penalize the bank instead, no matter how important an institution it is.

"Realizing that good information is fundamental to good supervision, the authors of [Dodd-Frank] created the Office of Financial Research," writes American Banker's editor-at-large, Barbara Rehm in her most recent column.

Dodd-Frank did its part to ensure the 20 federal financial regulatory agencies do right by minorities and women. How are things going so far? Good – but not great.

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.