Law and regulation

Card fees and anti-Wall Street rhetoric are playing big roles in Democratic Sen. Jon Tester's tight reelection battle with Republican Rep. Denny Rehberg.

Why would a bank issue prepaid debit cards to its customers? It's an inferior product for consumers and banks alike. Issue prepaid credit cards instead, with four times the interchange.

A deal that last week was heralded as reordering the credit card business is receiving pushback from merchants who say it doesn’t go far enough.

Consumer statute lawsuit filings showed only small changes in the June 16-30 reporting period compared to the first half of June, according to WebRecon LLC. Most of the key numbers also mirrored the numbers from a year ago.

Pulaski Bank has filed a lawsuit against three former employees over mortgage data that the Creve Couer, Mo., bank claims the employees took and are using to give their new employer a leg up.

As Dodd-Frank's two year anniversary approaches "scores of rules that the law had mandated to be completed at this point are still uncompleted," writes American Banker's Donna Borak, citing analysis by the law firm Davis Polk & Wardwell.

A final rule places credit reporting agencies under the bureau's nonbank supervision program as part of its "larger participant" powers.

A trade group representing convenience stores rejected the proposed settlement of interchange lawsuits and hired law firm Constantine Cannon to hold out for better terms.

Visa, MasterCard and the largest banks have announced a proposed multi-billion dollar settlement with U.S. retailers in a longstanding lawsuit over swipe fees charged by the networks.

Visa, MasterCard and the largest banks have announced a proposed multi-billion dollar settlement with U.S. retailers in a longstanding lawsuit over swipe fees charged by the networks.

Regulators late Friday seized the $24.8 million-asset Glasgow Savings Bank in Glasgow, Mo.

Let's wrap up the week of Dodd-Frank negativity with something a little more upbeat: an insurance executive who'd like to point out a positive in Dodd-Frank.

AB editors discuss everything from eminent domain mortgage seizures and the CFPB's first year to earnings and the risk that banks are stretching for earnings.

U.S. officials were told in April 2008 that banks were possibly underreporting their London interbank offered rate submissions, according to documents released on Friday by the Federal Reserve Bank of New York.

Merscorp Holdings will provide the state of Delaware's Department of Justice Consumer Protection Unit a semi-annual report detailing results of its internal audits.

On eve of law's second anniversary, regulators face heavy scrutiny over how they will implement remaining Dodd-Frank rules. Many key regulations have yet to be seen.

Due to ever-increasing compliance requirements, consumers have already lost free checking. Now, the Bureau's sights are set on general purpose reloadable prepaid cards.

The guest list to Rep. Barney Frank's July 7 wedding included several Democratic Party honchos.

The pop-culture catchphrase of the summer — "That's a clown question, bro" — made an unexpected appearance Tuesday at a financial regulatory meeting.

"The Consumer Financial Protection Bureau has already proved to be one of the busiest regulators in Washington," writes American Banker's Rob Blackwell about the agency’s first year in operation.