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New York Attorney General Eric Schneiderman

N.Y. AG Revising Foreclosure Settlement Complaint Against Wells, B of A

New York Attorney General Eric Schneiderman is revising his allegations of foreclosure settlement violations by Wells Fargo and Bank of America, resetting the clock on his plans to sue the banks over 339 alleged servicing violations.
Consumer Finance
Mortgages

Breaking News

Spanish Banker Jailed Over '08 Deal for Florida Bank 05:33PM ET

Pacific Mercantile Delays Annual Meeting After Options Snafu 05:29PM ET

House Passes SEC Cost-Benefit Analysis Bill 04:16PM ET

Zions Sells $300 Million in Preferred Stock 02:52PM ET

BMO Harris Ordered to Strengthen BSA Compliance 12:04PM ET

Sierra Vista in Calif. Receives $1.5M Investment 10:50AM ET

Tierney Steps Aside as Flagstar's CEO 09:33AM ET

See all Breaking News
Harvard Winters

What a Sucker Bet Says About JPMorgan

The chairman/CEO split issue is a sideshow. No one has considered the troubling implications of a large, misguided bet that happened to pay off the year before the London Whale losses, writes Harvard Winters.
Risk Management
National/Global

Consumer Finance

'I care very deeply about protecting consumers from predatory payday loans,' NCUA Chairman Debbie Matz says.
Payday Loans by Credit Unions Come Under Fire
The regulator of federal credit unions is promising to take steps to curtail high-cost, short-term loans, in the wake of tough action by banking regulators.

Mergers & Acquisitions

Atlantic Coast shareholders 'will vote down the Bond Street transaction,' dissident investor Jay Sihdu predicted.
Atlantic Coast Investors Bet Pressure Will Lift Offer
As investor Jay Sidhu and Atlantic Coast Financial intensify their fight over the Florida company's deal to sell to Bond Street Holdings, the market has priced a higher deal value into the stock. Atlantic Coast warns that no such bump-up is coming.

Consumer Finance

CFPB Driving Banks to Drop Auto Dealer Incentives
The Consumer Financial Protection Bureau's focus on discrimination in the auto loan business will likely force the banks it targets to stop paying bonuses to car dealers that originate high-interest loans. Changing practices in the rest of the industry could prove tougher.

National

JPMorgan Chase CEO, Jamie Dimon (Image: Bloomberg News)
What the JPM Chairman/CEO Vote Means for Other Banks
Whatever the outcome of Tuesday's vote over Jamie Dimon's dual titles at JPMorgan Chase, the debate raging at the country's largest bank will increase the pressure on bank boards to split up chairman/CEO roles in the future.

Wells, Citi Halt Most Foreclosure Sales as OCC Ratchets Up Scrutiny

In a sign of renewed pressure on mortgage servicers, a number of big banks have ceased or dramatically slowed the final step in the foreclosure process.
Regulation & Reform
Consumer Finance

Regulation & Reform

One key question is whether Reid will use the 'nuclear' option to force a confirmation of Cordray.(Image: Bloomberg News)
The Politics Behind the Senate's Vote on Cordray: FAQ
Senate Majority Leader Harry Reid is bringing the battle over the Consumer Financial Protection Bureau back to the forefront next week with a long-awaited confirmation vote on Richard Cordray, the agency's director.
Senate to Vote on Cordray Nomination Next Week
Court Ruling May Force Deal on CFPB Structure

Mergers & Acquisitions

Surprising Synovus Deal Shows Tarp Banks Can Do M&A
Regulators let the Columbus, Ga., company acquire a failed bank — its first deal in four years — though it still owes Tarp $968 million. A surprising number of similar deals have occurred in recent years.

Consumer Finance

Image: Fotolia
Payday Lenders to CFPB: Back Off
Director Richard Cordray sat silently at a public hearing as a room full of the industry's customers and employees argued that Americans should be allowed to make their own borrowing choices.

Washington

Federal Reserve Gov. Sarah Bloom Raskin (Image: Bloomberg News)
Housing, Fiscal Policy Still Drag on Economy: Fed's Raskin
Federal Reserve Gov. Sarah Bloom Raskin warned Thursday that the government's tightening fiscal policies and a slow housing recovery will continue to restrain a U.S. economic recovery.

People

Tim Ryan (Image: Bloomberg News)
JPM Exec's SIFMA Ties Could Help Dimon Vote
Tim Ryan, a veteran lobbyist who runs JPMorgan Chase's regulatory strategy, served until January as chief executive of SIFMA, which moved last week to stop the sending of vote tallies to shareholders.

American Banker Magazine

How the Best-Known Bankers in Town Stay Connected
We've profiled six bankers who raise the act of connecting with their communities to an art form. They are from different institutions in different parts of the country, and each has a different story.

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In Pictures
Comments of the Week: Fair Lending Insanity; Split Chairman and CEO Roles?
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