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PROXY FIGHT: The punishment of consultant Deloitte may signal that Benjamin Lawsky, New York's chief financial regulator, plans to go after big banks by disciplining their 'gatekeepers,' experts said. (Image: Bloomberg News)
Mergers & Acquisitions
What the Deloitte Crackdown Means for Banks
by Chris Cumming and Maria Aspan
Banks will have to scrutinize their relationships with consultants, brace for the possibility of a wave of regulation of consulting practices and have backup plans in case a key advisor ever receives a punishment like the one New York state dealt Deloitte.

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Regulation & Reform
Pace of Dodd-Frank Implementation 'Rapidly' Increasing: Bernanke
Federal Reserve Board Chairman Ben Bernanke said Wednesday that regulators are making steady progress on a number of critical rules under the Dodd-Frank Act, predicting that several final rules will be released in the coming months.  more »
Consumer Finance
More Banks to Join National Mortgage Settlement: HUD's Donovan
Housing Secretary Shaun Donovan and four state attorneys general vowed to hold banks to the terms of the settlement while saying more institutions were likely to shortly join their ranks.  more »
Community Banking
More Bank M&A on the Way in Virginia
Technology
Banks' Vendor Relationships Come Under Closer Scrutiny
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Regulation & Reform
Mortgage-Rule Concerns Overblown, Cordray Says
Consumer Financial Protection Bureau Director Richard Cordray defended the agency's new mortgage rules, data gathering activities and single-director leadership structure during a luncheon speech on Wednesday.  read more »
Mergers & Acquisitions
Warning: Window Closing Fast on Affordable Bank Deals
Think you have time to wait to get in the M&A game? Think again, says Lynn Fuller of Heartland Financial in Iowa, who sees the next two years as the time to bulk up his multistate bank before prices soar.  read more »
Sponsor Series
Next-Generation Mobile Banking Strategy: What's on the Radar Screen Right Now
As financial institutions create their next-generation mobile banking strategies, here are some of the hot issues they're pondering.  read more »
Consumer Finance
U.S. Monitor Cites Banks for Mortgage Settlement Violations
The big five servicers technically passed the first test of their compliance with the $25 billion national mortgage settlement, but four of them failed to meet at least one requirement and the settlement's monitor received nearly 60,000 complaints.  read more »
Community Banking
Reasons for Charter Mergers Extend Beyond Cost-Cutting
Chris Sawyer, an executive at Altrust Financial, says there are several factors behind the company’s decision to merge its banks.  read more »
Technology
Banks Turn to Fees to Make Mobile Pay
For years, banks have been seeking to turn a profit on mobile apps. In the latest twist, Regions Bank is rolling out programs that charge fees based on convenience.  read more »
American Banker Magazine
Lending in the Cloud: Man Behind First Web Bank Is Back
Nearly 20 years ago, Chip Mahan's early Internet venture led to the birth of S1, one of the boom times' most-hyped online-banking technology providers. Today, he's behind a startup small-business lender with another technology offshoot in mind: loan underwriting in the cloud.  read more »

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