Cheyenne Hopkins

Treasury Secretary Tim Geithner called Thursday for an agreement on comprehensive new international capital standards for banks by the end of 2010, with implementation by the end of 2012.

Regulators closed the $452 million-asset Bradford Bank in Baltimore on Friday. It was a mutual bank owned by the holding companies Bradford Bank MHC and Bradford Mid-Tier Co.

Dan Mica is stepping down as the president and chief executive of the Credit Union National Association, effective January 2011.

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The Office of the Comptroller of the Currency issued a bulletin to banks Wednesday requiring them to disclose to customers their right to reject certain upcoming credit card changes.

The thrift industry scraped by in the second quarter, earning $4 million — the industry's first profit in six quarters — but signs of more trouble were visible.

The Obama administration's regulatory reform plan would for the first time officially define a "big" bank as those with more than $10 billion in assets — and force them to pay more for their supervision as a result.

Lawmakers are paying scant attention to one of the most sweeping provisions in the Obama administration's regulatory reform plan — the elimination of national bank preemption.

A coalition of 24 state attorneys general sent a letter to key financial services lawmakers endorsing the Obama administration's proposed Consumer Financial Protection Agency.

In a letter to Republicans on the House Financial Services Committee, Treasury Secretary Timothy Geithner defended his obscenity-laden criticism of bank regulators at a July 30 meeting for not supporting his regulatory reform plan.

The top 22 banks increased their lending for mortgages and home equity lines in June while continuing to cut back on other types of consumer lending, according to a monthly survey of the banks released by the Treasury Department.

CBA cuts seven jobs; interim OTS chief defends agency by spreading the blame; Seattle CU gives customers a chance to tell why they left a commercial bank; and more.

WASHINGTON — Political support for the Obama administration's regulatory reform plan is faltering, leaving many to question the Treasury Department's strategy for enactment. Most members of the Senate Banking Committee oppose handing the Federal Reserve Board systemic risk oversight power, and the banking industry's campaign against a new consumer protection agency is gaining ground.

WASHINGTON — Senate Banking Committee members on Tuesday challenged a key call the Obama administration made on regulatory restructuring — to keep oversight spread over several agencies.Chairman Chris Dodd kicked off a hearing by noting that several past administrations have sought the creation of a single banking regulator and wondering if that approach would be better.

WASHINGTON — Senate Majority Whip Richard Durbin said Monday that, if voluntary loan modifications do not increase significantly within three months, he will revive a legislative effort to let judges rework loans in bankruptcy.

The House, voting 237 to 185, approved legislation that is intended to better align executive compensation with performance.

Rep. Carolyn Maloney, D-N.Y., introduced a bill Friday that would reverse an Office of Thrift Supervision rule limiting the amount of stock one shareholder can own in a mutual holding company.

Hearing (or no hearing) on executive compensation creates a stir; Tim Geithner can't sell his house either; Fed selects Esther George for temporary position.

A year to the day after Congress passed a law requiring states to implement a national registry for mortgage originators, 46 states and the District of Columbia have complied and three more states appear poised to act soon.

The failure of yet another voluntary plan to rework mortgages is likely to renew a push for bankruptcy reform and other measures to force lenders to compromise with borrowers.