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Bloomberg News
The bill by Sens. Tim Johnson (left) and Mike Crapo, which would unwind Fannie Mae and Freddie Mac, has a leg up over other GSE revamp proposals given its bipartisan support.
Regulation & Reform
Three Key Takeaways from Senate Banking's GSE Plan
by Victoria Finkle
Sens. Tim Johnson, chairman of the Senate Banking Committee, and Mike Crapo, the top Republican, received an overall warm welcome to their agreement on housing finance reform released Tuesday, after months of negotiation.

Top Stories

Community Banking
Bankers Push for Increased SBA Lending Authority
There is optimism that the Small Business Administration will be allowed to approve a larger volume of SBA loans in fiscal year 2015 compared to previous years. Bankers are especially supportive of plans to continue waiving fees for smaller 7(a) loans.  more »
Mergers & Acquisitions
Chemical Finds Missing Piece in Latest Deal
The Michigan company is buying Nortwestern Bancorp, fleshing out a major part of its franchise map. Though Northwestern's loan portfolio has been steadily shrinking, Chemical executives expect to generate double-digit loan growth from the seller's markets.  more »
Consumer Finance
Three Hard Facts Retail Bankers Need to Face
Technology
Wells Fargo Launches Web Magazine, Seeks 'Deeper' Ties with Customers

Breaking News

Royal in Pennsylvania to Sell $14M in Stock 02:42PM ET
Banks' Small-Business Loan Approval Rates Reach Record Highs 01:11PM ET
Small Banks Get One More Place to Farm Out Mortgage Lending 11:50AM ET
RBS Citizens Upgrades ATM Fleet, Mobile App 11:09AM ET
Ameris in Georgia Agrees to Buy Coastal Bankshares 09:25AM ET
Chemical in Michigan to Buy Northwest for $120M 08:50AM ET
CFPB to Drop Contentious Employee Evaluation Program 06:56PM ET

Regulation & Reform

Fed Has Power to Ease Rules on Insurers, Senators Say
The Federal Reserve Board has the authority to act on its own to apply different capital requirements for insurance companies than those it has already mandated for banks, several senators said Tuesday.  read more »

Consumer Finance

B of A Makes Long-Term Play for Young Customers
With its new checkless checking account, Bank of America is taking a different path than many other large banks that have begun offering prepaid cards.  read more »
Disruptors
Starbucks to Update Mobile App with New Payment Features
Starbucks to Update Mobile App with New Payment Features
Starbucks, which handles more than 11% of its weekly transactions as payments from its mobile app, is planning to add several new features for iPhone owners.  read more »

Mergers & Acquisitions

Park Sterling Finds Big Value in Small Deal
The Charlotte, N.C., bank offers a model for other community banks that have expanded quickly in recent years but face a pricier M&A market: focus on smaller deals that provide additional liquidity and plug geographic holes.  read more »

Community Banking

Will the Storm Ever End for Puerto Rico's Banks?
Banks in Puerto Rico are said to be at their strongest in years, but it remains unclear if that is strong enough to weather any more deterioration in the island's economy, which is in its seventh year of recession.  read more »

Technology

Banks Pushed Toward Cloud Computing by Cost Pressures
U.S. banks have been hesitant to use public cloud services due to security and regulatory concerns, but shrinking profits and pressure to cut information technology spending could soon force them to change their thinking.  read more »
American Banker Magazine
Why Bitcoin Matters for Bankers
Don't think of it just as currency or a new set of payment rails. To get a full sense of Bitcoin and its implications for banking, you have to think bigger than that.  read more »

Special Reports

Video
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Behind the Bipartisan Push for Housing Finance Reform
In Pictures
'The Hypocrisy At This Agency Is Shocking': Week's Best Quotes

This feature displays payments industry news and analysis from American Banker sibling brand PaymentsSource. Registration is required; for more information contact customer service.

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