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The investigative story alleging weak supervision by the Federal Reserve Bank of New York has sent shockwaves through the regulatory community, but whether it will lead to any change of course in policy is still an open question.

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Somali-Americans who send cash home to their relatives can breathe a bit easier following the decision by Merchants Bank of California.

The Consumer Financial Protection Bureau's action against Flagstar Bank on Monday marked a series of firsts for the agency, including the first time it enforced its new mortgage servicing rules and the first time it banned a servicer from servicing new loans until fixes are made.

Regulatory actions taken against U.S. Bank on Thursday proved once again that vendor relationships, even former ones, can cost a bank for years to come.
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Banks, credit unions, payday lenders and installment lenders are likely to feel the impact of restrictions on loans to members of the military that the Defense Department has proposed.
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Columbia University's Rare Book & Manuscript Library is now the keeper of ledgers, meetings minutes and correspondence covering the years in which The Clearing House Association helped steer the country's banking system through financial turmoil.

Credit cards and installment loans that are sold to active-duty military members would be subject to a series of consumer protections under the new Defense Department proposal. High-cost lenders easily evaded the earlier rules, which applied more narrowly.

Officials sitting on the Basel Committee announced progress on a Net Stable Funding Ratio and other measures being developed by the international regulatory body.
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U.S. Bancorp CEO Richard Davis (Bloomberg News)
In a speech Tuesday, U.S. Bank Chief Executive Officer Richard Davis also offered mostly upbeat views about the evolving, more stringent expectations of bank regulators.

In the coming months, banks, mortgage lenders, consumer advocates and policy wonks will be slicing and dicing the latest Home Mortgage Disclosure Act data, as they do every year. Rarely, if ever, have the stakes been higher.
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FDIC Vice Chairman Thomas Hoenig (Bloomberg News)
Speaking at American Banker's Regulatory Symposium, Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig said complex firms should not discount regulators' warnings of heightened supervision if their 2015 resolution plans fail to impress.

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