A bipartisan coalition of lawmakers is pushing the Obama administration to nominate someone with community banking experience to the Federal Reserve Board.

New York state is cracking down on online lenders that, it says, are using debit card transactions to skirt payday lending laws.

Heartland Payment Systems' financial performance held out through a difficult winter that put a chill on consumer spending.

First Data reported a better financial picture in the first quarter, a period that also saw the company make inroads into small business technology and accelerate its support of EMV-chip card technology.

The debit networks and card brands have largely resolved two years of debate over routing EMV debit cards, but an ongoing court battle over debit fees and routing makes the full scope of their responsibilities unclear.

Observers expressed alarm over Monday's announcement that Bank of America submitted incorrect information to the Federal Reserve Board for its stress tests, saying it raises doubts about the credibility of the test.

The OCC plans to increase examination fees for the first time in nearly 20 years for institutions with over $40 billion in assets, a step the agency says is necessary because of its expanded role under the Dodd-Frank Act.

SMP Bank OOO and InvestCapitalBank OAO, lenders controlled by associates of Russian President Vladimir Putin, were sanctioned by the U.S. as political tension over Ukraine escalates.

The Justice Department is grabbing the spotlight with Operation Choke Point, a controversial investigation that's drawing U.S. banks deeper into the fight against consumer fraud. But below the radar, another federal agency is tiptoeing in the same direction, and again drawing stiff opposition from the banking industry.

WASHINGTON — The Office of the Comptroller of the Currency plans to raise supervisory assessments for large banks and thrifts by as much as 14% starting in the fall to account for the agency's added regulatory responsibilities following passage of the Dodd-Frank Act.

BTC China halted local-currency deposits to clients' China Merchants Bank Co. accounts, as lenders close accounts with Bitcoin exchanges amid government measures to check surging trading in the virtual currency.

Small business investment companies offer bigger returns than traditional loans, along with the opportunity for new business relationships and even CRA credit. Now banks are rediscovering this SBA program as a way to make equity investments in startups, while avoiding the Volcker Rule vortex.

WASHINGTON — CUNA and NAFCU recently asked NCUA — for a second time — to extend the comment period on the proposed risk-based capital rule another 90 days, and once again the agency said no.

ALEXANDRIA, Va. — In casting the lone vote Thursday against passing the final rule on capital planning and stress testing, NCUA Board Member Michael Fryzel held some of the same concerns voiced by credit unions and the CU trade associations about the proposal.

According to the Millennial Disruption Index, millennials believe payments innovation will come from outside their bank, with nearly half showing more confidence in what startups and technology companies add to payments than what their banks do. This presents a challenge and an opportunity for financial institutions moving forward.

Russia is very much on the minds of Visa executives as they wait to see what effect the ongoing political standoff with the U.S. over the situation in Ukraine will mean for payments in Eastern Europe.

ALEXANDRIA, Va. — NCUA approved a final rule on capital planning and stress testing at its open board meeting Thursday that contained some changes — but maybe not enough to satisfy credit unions.

As state regulators take more interest in Bitcoin, third-party vendors are looking to apply the expertise they built in other markets to digital currency. One such vendor, Strevus, has a background in securitization, which is another volatile and risky market.

Being influential in the payments industry isn't just about positions or titles; it's about driving the course of business while also setting an example for others to follow in their careers and personal lives.

Sen. Elizabeth Warren's new book details the Massachusetts lawmaker's dramatic rise from humble Oklahoma roots to bookish Harvard law professor to liberal juggernaut, and includes some behind-the-scenes insights to the formation of the CFPB and its agenda.