There is an urgent need for the Financial Crimes Enforcement Network to bring its process for issuing civil money penalties and cease-and-desist orders in line with the other bank regulators.
Having banks hold fortress balance sheets and be limited to traditional intermediation would require giving them monopoly status over certain products.
The news is full of debate over a replacement for Antonin Scalia on the Supreme Court, but the delays in filling seats on another important government panel Â-- the Federal Reserve Board Â-- should get more attention.
Instead of focusing on the effect of swipe fee rules on banks and credit unions, retailers should ask why the Durbin amendment hasnÂ't produced the promised cost savings for their consumers.
With the stakes so high for compliance officers, their rights and responsibilities should be clearly defined, including a safe harbor for those who play by the rules.
With the Federal Reserve and Federal Deposit Insurance Corp. poised to announce the results, it's not clear who should be the most nervous: banks, regulators or the American people.
Compared to other countries with fewer banks, the faster payments initiative in the U.S. will require a far greater level of collaboration and participation.
Lawmakers' move to cap the Federal Reserve's capital surplus to help pay for highway improvements made the central bank one of the least capitalized financial institutions in the country.
