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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.

Breaking News

Consumer Finance

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)
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.

Regulation & Reform

One key question is whether Reid will use the 'nuclear' option to force a confirmation of Cordray.(Image: Bloomberg News)
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.

Mergers & Acquisitions

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.
Harvard Winters
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.

Consumer Finance

Image: Fotolia
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)
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)
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.

BankThink

John Buhrmaster
The common-sense steps taken in the bill will help even the playing field between community banks and big financial firms, writes John Buhrmaster.

Data Drilldown

The latest monthly reports from credit card issuers provide more evidence that loss rates will stay abnormally low longer than thought just a few months ago.

American Banker Magazine

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.