Regulation & Reform

TAG: Don't Extend It, End It

Bankers shouldn't complain about intrusive government regulation while begging Congress to extend unlimited deposit insurance on large transaction accounts. It's disingenuous, and perhaps worse, it's dangerous politics.

Community Banking

Washington

Breaking News

Profits Fall at Most Home Loan Banks05:34PM ET

Taxpayers Won't Subsidize Mortgage Settlement: Administration11:53AM ET

CoBank Reports Record Profit in 201111:17AM ET

Britton & Koontz Ordered to Clean Up Loan Book05:42PM ET

Maryland Mulls Law to Shift State Funds to Community Banks04:11PM ET

Paul Merski, chief economist of the Independent Community Bankers of America

Corporate Tax Plan Could Discourage Business Loans

Many banks would get the benefit of a broad cut in the tax rate, but the administration is also proposing to reduce deductions for corporate borrowing.

Washington

National/Global

Jo Ann Barefoot, a co-chairman at Treliant Risk Advisors

Banks at Risk as CFPB Probes Overdraft Practices

The Consumer Financial Protection Bureau's announcement Wednesday that it was targeting overdraft protection practices was a stark reminder for bankers that even if they have already made significant changes, it is likely not enough, observers warned.

Washington

FHA Knocks Reports on B of A Deal

The acting commissioner of the Federal Housing Administration on Wednesday blasted news reports that claim Bank of America Corp. was essentially bailing out the agency's mortgage insurance fund.

Mortgages

National/Global

U.S. Assistant Attorney General Tom Perez (Image: Lonnie Tague for the DOJ)

Banks Hit Legal Setbacks in Fair Lending Fight

Industry lawyers were feeling confident late last year about a key case pending before the Supreme Court. But now the case has fizzled, and federal officials have issued a proposal that could hurt banks' chances of victory in the future.

CFPB Chief Richard Cordray (Image: Bloomberg News)

CFPB Launches Inquiry Into Overdraft Protection Practices

The Consumer Financial Protection Bureau said Wednesday it plans to examine overdraft protection practices, including policies, terms and marketing of such programs, and their effect on consumers.

Consumer Finance

Washington

FHFA Offers Further Plans for Post Fannie, Freddie World

The Federal Housing Finance Agency offered more details Tuesday for how it plans to create a new infrastructure for the secondary mortgage market and reduce the role of Fannie Mae and Freddie Mac.

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