Law and regulation

Regulators need to start paying attention to "denial-of-system" attacks as one of the triggers that could bring down a systemically important institution.

Fearing that housing finance reform has fallen off the congressional priority list, bank and housing trade groups sent a letter to Federal Housing Finance Agency Director Mel Watt on Wednesday to draw attention to the issue.

Lenders are questioning the legal justification for the Consumer Financial Protection Bureau's putting a 36% annual percentage rate threshold in its payday proposal, claiming loans made at that rate are unprofitable. That figure has been the subject of intense debate in the past decade.

China has officially opened its doors to payment companies from beyond its borders, this week unveiling the formal rules for foreign companies applying for bank-clearing privileges.

Fintech firms and banks should collaborate on using alternative data sources to qualify more borrowers for small-dollar loans.

The Federal Reserve Board and Federal Deposit Insurance Corp. on Wednesday gave the four systemically important foreign banks one additional year to file their living wills.

Without the Consumer Financial Protection Bureau setting specific debt collection guidelines — including what technology agencies can use — the industry will continue a practice that harms consumers: lawsuits.

Advocates of free trade and fighting protectionism are more likely to focus on industries like steel and agriculture, but they should also pay attention to the payments sphere.

Federal regulators issued a statement Tuesday reminding banks how they can protect themselves from cyberattacks.

Sen. Dick Durbin, D-Ill., wrote to Visa on Tuesday to denounce an alleged new fee assessed by the company on credit and debit card issuers that see their business shift to a competing card network.

With Democrats already opposing a bill by Rep. Jeb Hensarling, R-Texas, to roll back Dodd-Frank, his chances of long-term success depend on support by Donald Trump. The two met to discuss the plan on Tuesday.

We need a variety of small-dollar credit products to meet a variety of consumer needs. So the Consumer Financial Protection Bureau's proposed payday plan must provide more flexibility.

Global trade protectionism in other countries increasingly poses an obstacle to keep the market for payments networks competitive.

House Financial Services Committee Chairman Jeb Hensarling R-Texas, is set Tuesday to unveil an ambitious plan to revamp the Dodd-Frank Act and replace it with a capital-based alternative during a speech in New York.

At a time when most banks are finding it harder to make money from overdraft fees, new data shows that Wells Fargo, Bank of America and JPMorgan Chase are bucking the industrywide trend. The numbers are renewing consumer-protection concerns ahead of a CFPB rule-writing process set to begin later this year.

WASHINGTON — A bipartisan group of lawmakers is urging the Consumer Financial Protection Bureau to change how it calculates title insurance fees as part of the new integrated mortgage disclosures.

Banks are stepping up opposition to looming capital standards, with one of the financial industry's largest lobbying groups warning that regulators risk slowing the global economy with a clampdown on lenders' ability to judge the health of their own borrowers.

The Consumer Financial Protection Bureau filed a lawsuit Monday against payment processer Intercept Corp. and its two top executives for allegedly enabling clients to withdraw millions of dollars' worth of illegal charges from consumer bank accounts.

The Consumer Financial Protection Bureau filed a lawsuit Monday against payment processer Intercept Corp. and its two top executives for allegedly enabling clients to withdraw millions of dollars’ worth of illegal charges from consumer bank accounts.

The Financial Crimes Enforcement Network violated the U.S. Constitution by singling out a Tanzanian bank as a money-laundering concern without due process, the bank claimed late last week.