bank regulation

Shadow Banking: The $67 Trillion Threat to the U.S. Economy

Shadow banking. The name alone sounds ominous -- and it should. Operating out of the spotlight of regulation, the shadow banking system could, given the right conditions, leap from its dark, financial hiding place and bring the U.S. economy to its knees, just like it nearly did in 2008.

MetLife Sells Bank Unit to Avoid New Fed Regulations

In order to avoid new federal rules and heightened scrutiny from regulators, MetLife has decided to sell its banking unit. That's a smart move for the nation's largest life insurer, and keeps it on a level playing field with its competitors.

Legal Briefing: Will Banks Have to Refund Overdraft Fees?

A judge ruled that Wells Fargo has to pay its customers restitution for processing checking-account transactions in a way that makes the most charges bounce and maximizes overdraft fees. Other banks have also been sued over this issue.

The Case for Buying Bank Shares Now

Some pros are aiming straight at the eye of the financial hurricane, buying into the besieged banks. Here's why: The uncertainty threatening them has dissipated, and banks will now start looking for new ways to profit from the new rules.

The Battle Over Dodd's Consumer Protection Agency

Supporters and critics -- some of whom say the proposed Consumer Protection Financial Bureau is too weak and other who say it's plain wrong -- are lining up on opposite sides as the Senate gets ready for horsetrading on the overall financial overhaul bill.

Where Dodd's Financial Overhaul Seems Likely to Miss the Mark

Dodd's soon-to-be-unveiled proposal appears to have a fatal flaw: It enshrines the notion that it's good to have banks that are Too Big to Fail (TBTF). It'll likely propose an alphabet soup of regulators who'll be infighting too much to notice when a giant bank is about to blow.

Bank of America Kills Overdraft Fees on Debit Cards

In what may be welcome news to its customers, Bank of America says that it will end overdraft fees on debit cards. But there's also a downside. Customers will no longer be able to get away with spending more than they have on deposit in their accounts.

Former Treasury Chiefs Push the Volcker Rule

Five former Treasury Secretaries who served in both Democratic and Republicans administrations urged Congress to enact regulations that would prohibit commercial banks from engaging in certain risky activities. Can they outweigh lobbying by the financial interests?