Regulation and compliance
Regulation
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Some politicians and regulators appear determined to shrink big banks. But doing so could hurt Americans who appreciate big banks' geographical reach and wide range of services, according to financial markets scholar Stephen Matteo Miller.
August 21 -
Lamassu Bitcoin Ventures is sending its Bitcoin ATMs to areas that may not be completely welcoming to digital currency, with its newest machine touching down today in the West Village of New York City, the birthplace of the "BitLicense" regulatory concept.
August 21 -
Investors will remain reluctant to take on the personal risk inherent in establishing de novo community banks as long as new regulations remain unwieldy and returns stay low, according to Richard Magrann-Wells.
August 19 -
A group of retail trade associations and large retailers wants the Supreme Court to review the Federal Reserve Board's recent cap on debit card swipe fees that merchants say is higher than the fee limit envisioned in the Dodd-Frank Act.
August 18 -
WASHINGTON A group of retail trade associations and large retailers wants the Supreme Court to review the Federal Reserve Board's recent cap on debit card swipe fees that merchants say is higher than the fee limit envisioned in the Dodd-Frank Act.
August 18 -
More than a dozen bipartisan lawmakers urged the Federal Reserve to scale back its emergency lending authority in a pending rule required by the Dodd-Frank Act.
August 18 -
WASHINGTON Regulators provided more instruction Friday to smaller firms required under the Dodd-Frank Act to simulate their own failures.
August 15 -
In ordering large banks to revise their living wills, federal regulators proved that they are taking very seriously their mandate to never again use taxpayer dollars to rescue large banks, writes Mayra Rodríguez Valladares.
August 15 -
SmartMetric Inc., a maker of biometric smart cards, failed in its appeal of a court decision saying Visa Inc. and MasterCard Inc. don't infringe a patent for credit and debit cards containing chips.
August 15 -
The coming year expects to be hectic for banks' regulatory teams as a bottleneck of new rules come due, including everything from the proprietary trading ban to Basel III to a new mortgage disclosure framework.
August 14 -
Planet Payment has partnered with Banco Espirito Santo do Oriente S.A. in Macau to provide UnionPay card acceptance to local merchants.
August 13 -
WASHINGTON Capitol Hill's interest in the risk-based capital rule possibly reaching record levels for NCUA's proposed rulemaking may lead to greater change to the final rule than what the agency has said is coming, according to several Capitol Hill observers.
August 13 -
SunTrust Banks has appointed Paul Garcia, a former chairman and chief executive of Global Payments, to its board.
August 12 -
Expanded reporting requirements under the Home Mortgage Disclosure Act will give regulators access to a panoply of sensitive data. Banks should take steps to address any fair lending issues before the new rules take effect, according to Warren W. Traiger.
August 12 -
The Consumer Financial Protection Bureau issued a warning to consumers about the danger of digital currencies, sparking questions about whether the agency could soon seek to write new rules in that area.
August 11 -
The Consumer Financial Protection Bureau weighed into the debate about the future of digital currencies like Bitcoin, issuing a warning Aug. 11 that they pose significant risks to consumers.
August 11 -
Regulators need to provide clear standards as to what constitutes an acceptable living will, according to the American Enterprise Institute's Abby McCloskey and Paul H. Kupiec.
August 11 -
BLOOMINGTON, Ind. The Consumer Financial Protection Bureau has withdrawn the names of two Indiana credit unions from a blog post that called out banks and CUs for a lack of transparency about their relationships with universities.
August 8 -
Regulators' blunt criticism of resolution plans of the 11 most complex banks still leaves pivotal questions about how the process moves forward, including what banks must do to avoid serious consequences.
August 7 -
In the age of digital commerce, more business are using third parties to manage operations, increasing the risk to any payments data they handle, says the Payment Card Industry Security Standards Council.
August 7




