Law and regulation

Rep. Jeff Clemens of Florida has introduced a bill that would make it illegal for banks operating in the state to charge customers monthly fees for using their debit cards.

Steve Antonakes, the Consumer Financial Protection Bureau's head of supervision, said the agency will rely significantly on policies developed already by the banking regulators. But the focus of exams will be quite different, however, as the CFPB makes consumers their top priority.

Citigroup chief executive Vikram Pandit has not spoken with Occupy Wall Street protestors, bank officials said on Monday, even though he offered to talk "anytime" and Gawker later published his cellphone number.

Ever since the Durbin Amendment was enacted, ultimately cutting the interchange revenue banks get from debit cards by around half, one of the loudest and most persistent complaints has been that the government should not fix prices—at least not for banking.

The Supreme Court is set to decide the contentious issue of whether Respa prohibits lenders from charging borrowers fees defined as 'unearned.'

The Federal Reserve Board on Monday signed off on a set of rules that will require U.S. banks to submit plans that can be used to unwind the firm in the event of a failure.

Citigroup Inc.'s revenue fell in the third quarter, and the bank is struggling to make money from its U.S. operations as investment banking slumps.

Consultant and former California regulator Walter Mix quantifies the damage from Dodd-Frank and explains why 2,700 banks could disappear over the next three to five years.

Community Bank in southwest Florida is taking advantage of the recent PR nightmare large banks like Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. created for themselves by instigating debit card fees. The $750 million-asset bank is offering to pay people $5 per month to open a checking account instead of charging for debit transactions. Within just a couple of days, it became the most successful promotion in the bank's two-year history, and the institution partly has the bad mood of consumers to thank.

Why banks are leaning right and the president may receive an awkward reception in Bank of America's hometown.

An estimated 697 collection agencies and creditors were sued in the second half of September, up from 616 in the first half the month and 469 in the second half of August, according to WebRecon LLC, a Grand Rapids, Mich.-based company that pulls the data from the U.S. District Courts.

State regulators closed three banks along the East Coast late Friday afternoon: Blue Ridge Savings Bank in Asheville, N.C.; Piedmont Community Bank in Gray, Ga.; and First State Bank in Cranford, N.J.

The chairman of the House Financial Services Committee recommends a hike in the guarantee fees charged by Fannie and Freddie that would raise more money than what the administration has proposed.

L.A. team produces hilarious parody of Warren's populist candidacy, and the portrayal of the creator of the CFPB may help the Massachusetts Senate candidate.

Republicans are pushing for the Consumer Financial Protection Bureau to be run by a board of Senate-confirmed appointees instead of a single director, but some question if it would have much impact.

WASHINGTON — One day after introduction of a bipartisan bill to repeal the new debit interchange cap, supporters of that cap struck back Oct. 13 by calling for an antitrust investigation into whether banks and trade groups are colluding on prices.

The operators of a credit repair company have been charged by the Federal Trade Commission with making false statements to credit bureaus about information in consumers’ credit reports, and illegally collecting fees from consumers before performing services.

In less than a year, the insurance giant has gone from aiming for the top five in home lending to putting its origination business on the block.

Independent ATM operators are launching a new legal strike against Visa Inc. and MasterCard Inc., seeking to toss out standardized access fees imposed by the companies.

The economic pain inflicted on millions of citizens and businesses by the collapse and eventual bailouts of some of Wall Street’s largest financial firms reveals why community banks should continue to distinguish themselves from systemically risky financial firms.