Regulation and compliance
Regulation
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The Consumer Financial Protection Bureau has employed unusual practices in its efforts to guide the public's perception of it. They've included funding the trip of a consumer advocate who posed a question from the audience of one of its events and regularly releasing information at midnight to prevent critics from weighing in on the first wave of media coverage.
April 1 -
Despite efforts to reform the global banking system, the perception that the world's largest financial institutions are "too big to fail" has yet to be eliminated, according to a report issued Monday by the International Monetary Fund.
March 31 -
To make the process fairer to small banks, regulators should issue community bank summaries during the proposal stage, not when releasing final rules. They also should do more outreach to small banks and extend comment periods on major rules, writes the ABA's Hugh Carney.
March 31 -
Many times, it seems, the best way for a company to learn whether it was compliant with the Payment Card Industry data security standard is to experience a data breach.
March 28 -
The Federal Reserve Board's stress tests left a fair amount of blood on the floor for banks. Twenty-five of 30 passed, but the central bank rejected the capital plans of four banks based on qualitative factors, rather than straight-up numbers. Only one bank failed both rounds of stress tests based on its numerical score. Following are the banks that fared poorly:
March 27 -
The recent IRS ruling on how Bitcoin and other virtual currencies are taxed brings the U.S. in line with regulations in Canada, Australia, Finland, Norway and Sweden.
March 27 -
An obscure bill in the House would go a long way to protect taxpayers by giving megabanks an incentive to deleverage and shrink. So why has it gone nowhere?
March 27 -
Russian President Vladimir Putin has called for a national payment system, according a report of an address he delivered Thursday to the Russian parliament.
March 27 -
WASHINGTON Credit union executives are growing more dissatisfied with the examination process, according to the latest numbers from CUNA on CEO exam satisfaction.
March 27 -
A road map for regulation of virtual currency is beginning to emerge as more states appear willing to issue licenses for entities offering exchange and other services.
March 27 -
After the stress tests, come the tears and the gloating.
March 26 -
A collective of business trade groups on Wednesday warned of potential risks for end users of margin requirements mandated under the Dodd-Frank Act.
March 26 -
Lawmakers keep trying to move legislation aimed at strengthening data security even if they are still not finished upbraiding retailers for recent breaches.
March 26 -
The Federal Reserve Board denied the capital plans of Citigroup, HSBC, RBS Citizens, Santander and Zions in its second round of stress tests this year.
March 26 -
MasterCard Inc. is planning its first bond sale on record with a $1.5 billion issue.
March 26 -
While the world waits to see what Russian President Vladimir Putin does next in Ukraine and how Western governments respond, businesses with interests in Russia are already preparing for the economic implications of current events.
March 26 -
The top five U.S. financial institutions benefited from a funding advantage in key markets prior to the enactment of regulatory reform, according to a study released Tuesday by economists at the Federal Reserve Bank of New York.
March 25 -
The U.S. government will treat Bitcoin as property for tax purposes, applying rules it uses to govern stocks and barter transactions, the Internal Revenue Service said in its first substantive ruling on the issue.
March 25 -
NCUA, along with five other federal agencies, Monday released a proposed rule around implementing minimum requirements for state registration and supervision of appraisal management companies (AMCs) that serve as intermediaries between appraisers and lenders.
March 25 -
The agency released new research that suggests its likely to restrict the frequency with which consumers can take out payday loans.
March 25





