Joe Adler

The CFPB released rules Thursday that ban certain fees for modifying high-cost loans and expand the universe of loans protected by federal limits.

The CFPB released its long-awaited final rule laying out how lenders must ensure borrowers have the ability to repay a loan, including creating a carve-out for qualified mortgages.

While regulators have given U.S. banks extra time to comply with a contentious 'push-out' rule, many foreign banks are unintentionally ineligible for the relief, leaving questions about whether Congress or regulators will act to help them.

Bankers are expected to learn in 2013 what trades the Volcker Rule allows, what qualifies as a "qualified mortgage" and what it means to be "systemically important."

Political squabbles on Capitol Hill and the tight presidential race put key confirmations on the backburner in 2012, but confirmed regulatory leaders will speed up progress on many fronts next year.

Bankers are raising concerns that a new Financial Accounting Standards Board proposal that would allow banks to set aside reserves for future losses is too open-ended and might result in banks putting too much aside.

Bankers are applauding the opening salvo of a Federal Deposit Insurance Corp. project to focus on community bank troubles, but are already looking ahead to the next phases.

A yearlong FDIC research project charts the impact of consolidation and other pressures on small banks, but suggests continued viability for the sector.

In its first-year progress report on community banks, the FDIC details how it is responding to specific complaints outlined by institutions at roundtables earlier this year.

WASHINGTON — Community Bank of the Ozarks in Sunrise Beach, Mo., became the nation’s 51st failed bank of the year late Friday after it was closed by state regulators.

Retiring Massachusetts Rep. Barney Frank, who chaired the House Financial Services Committee when the Democrats last held control, offered a mea culpa Wednesday to the incoming chairman of the panel, Rep. Jeb Hensarling.

In an appearance on former New York Gov. Eliot Spitzer's TV show, Rolling Stone columnist Matt Taibbi and his host were outraged that HSBC did not face criminal prosecution after the government said it allegedly helped drug dealers and terrorists launder money.

A battle over Senate procedures and the FDIC's absence from the debate were viewed as contributing to blocking a bill to extend the TAG program.

Efforts to extend the Transaction Account Guarantee program were dealt a significant blow Thursday as senators blocked a vote on a two-year extension over objections it would cost the government money.

The FDIC signed off on an 18% cut in funding for 2013, but it is still dealing with elevated numbers of troubled banks and Dodd-Frank-related workload.

FDIC and Bank of England released a white paper showing agreement about resolution approaches as a top BOE official signaled flexibility in how the U.S. resolves firms with U.K. operations.

The Senate is preparing to vote soon on a bill to keep TAG alive even as various interests, including large institutions and money-market mutual funds, fight to shut the program down.

Cyrus Amir-Mokri, the assistant secretary for financial institutions, said the industry's technological advances should be accompanied by an awareness of the risk of systems breakdowns.

Paul Tucker, deputy governor of the Bank of England, will address the FDIC's special advisory committee on resolutions to discuss coordination efforts between the U.S. and U.K.

The FDIC's third-quarter report on the health of the industry shows lending climbed upward, but reduced loss provisions and sales of existing assets are what boosted earnings.