Joe Adler

The overwhelming 64-to-33 passage of an amendment to let the government regulate interchange fees on debit cards was a major blow to an industry that had successfully fought off such restrictions for years.

The overwhelming 64-to-33 passage of an amendment to let the government regulate interchange fees on debit cards was a major blow to an industry that had successfully fought off such restrictions for years.

The amendment by Sen. Richard Durbin, D-Ill., has been steadily attracting support but was attacked this week by a range of groups, including community bankers and credit unions, who argued it threatens their ability to issue debit cards.

While the Senate continues to debate the regulatory reform bill, the Federal Deposit Insurance Corp. moved forward Tuesday on two issues designed to prevent the next crisis.

WASHINGTON — The Federal Deposit Insurance Corp. will take another stab today at imposing checks on securitization. The agency is expected to issue another proposal that would restrict its safe harbor for securitized assets, five months after its first attempt, during which the Securities and Exchange Commission weighed in with a plan of its own.

WASHINGTON — The haywire politics of 2010 has upended prospects for industrial loan companies and the GOP's future leadership on the Senate Banking Committee.

Four small banks totaling $730 million in assets were closed late Friday on a relatively light evening for the Federal Deposit Insurance Corp.

The Federal Deposit Insurance Corp. sought input Friday on ways to structure checking and savings products for low- and moderate-income customers.

Four small banks totaling $730 million in assets were closed late Friday on a relatively light evening for the Federal Deposit Insurance Corp.

A crisis in crisis-metaphor-making; a conversation with the CUNA's incoming chief; an Onion scoop on CEO pay.

WASHINGTON — The Senate voted 98 to 0 on Thursday to approve an amendment championed by community bankers that would base deposit insurance premiums on assets instead of deposits.

Community bankers are close to winning a key change to the Senate regulatory reform bill that would require the government to base deposit insurance rates on assets instead of domestic deposits.

Regulators closed $3.5 billion-asset Frontier Bank in Everett, Wash., and three other smaller banks in the Midwest to bring the year’s failure total to 64.

WASHINGTON — Regulators closed $3.5 billion-asset Frontier Bank in Everett, Wash., and three other smaller banks in the Midwest to bring the year’s failure total to 64.

The collapse last week of three of Puerto Rico's 10 banks significantly consolidated the commonwealth's banking system and marked one of the most complicated days in the history of the Federal Deposit Insurance Corp.

The collapse on Friday of three of Puerto Rico's 10 banks significantly consolidated the commonwealth's banking system and marked one of the most complicated days in the history of the Federal Deposit Insurance Corp.

Regulators in Puerto Rico closed three banks Friday — representing a third of the island's institutions and a quarter of its assets — in a move sure to change the face of banking in the commonwealth.

House Judiciary Committee Chairman John Conyers Jr. held a hearing Wednesday to try to revive a bill that would allow retailers an antitrust exemption so they could negotiate with card networks on fee rates and terms.

The Federal Deposit Insurance Corp. "properly" oversaw $25 billion-asset Colonial Bank in the 14 months leading up to its Aug. 14 failure, the agency's watchdog said this week.

During the financial crisis, the Federal Deposit Insurance Corp. has routinely guaranteed 80% of the potential losses on assets at scores of failed banks, a bargain for those trying to enter or expand their reach in the banking market. But in one of its most recent deals — TD Bank's purchase of three Florida banks on April 16 — the FDIC agreed to cover only half the losses, a significantly less generous arrangement.