Joe Adler

Agency tasked with overseeing resolutions of systemically risky firms will get assist from the SIPC when a broker-dealer is involved. But how exactly will their collaboration work?

WASHINGTON — The Federal Deposit Insurance Corp. next Tuesday will release its latest quarterly update on earnings, loan growth and other indicators for the entire banking industry.

After years of questions over whether regulators can impose "source-of-strength" rules, regulators are prepping a clearer standard that would, among other things, give them more oversight of some commercial firms such as Target and Toyota.

New proposals would require appraisals for "higher-risk" mortgages, and compel lenders to notify borrowers of their right to an appraisal report. But loans meeting the special QM standard would enjoy a lighter touch.

Federal regulators issued proposals on Wednesday that would make home appraisals essentially compulsory in certain cases before banks can approve a loan.

The smattering of data showing an upsurge in lending activity now includes the statistical reporting required under the Community Reinvestment Act.

With advances for the Federal Home Loan Banks flat at the end of last quarter compared with yearend 2011, the system gets help from lower OTTI charges and end of thrift-crisis fund.

Julie Williams, one of the nation's pivotal regulators for large banks, announced her departure from the Office of the Comptroller of the Currency effective Sept. 30.

Sen. Bob Corker, R-Tenn., showed further signs he could be a 'nay' if Congress voted on extending the Transaction Account Guarantee program.

Campus card provider Higher One, along with The Bancorp Bank, its former bank partner, have settled a lawsuit with the FDIC stemming from several "alleged unfair and deceptive practices."

Bureau says banks with fewer than 100 international money transfers a year can avoid new fee disclosure requirements, but some industry officials say the threshold is still too low.

The Consumer Financial Protection Bureau said Tuesday that institutions with fewer than 100 remittances a year are exempt from a requirement that providers of international money transfers provide upfront fee disclosures.

The inspector generals for two agencies concluded that neither improperly leaked draft copies of the Volcker Rule to American Banker.

The FDIC's original blanket coverage for transaction accounts allowed institutions to opt out or pay extra fees to participate. But industry groups say extending Dodd-Frank's version of the coverage, which eliminated fees and made participation compulsory, is the only way to go.

Regulators in Georgia closed the $217 million-asset Jasper Banking, which became the industry's 39th bank to fail this year.

WASHINGTON — The heads of two key banking trade associations on Friday repeated their calls for Congress to extend the Transaction Account Guarantee program.

A joint effort by U.S. and international standards-setters to write rules on loss provisioning hits a speed bump just as an SEC report shows the broader aim of a truly global accounting regime is still far-off.

At a Senate hearing on ways to help borrowers, Tennessee Republican Bob Corker said debate over education costs should "look at the entire picture."

The New York Senator is asking the FDIC to extend credit to a troubled ski resort after its primary lender failed.

Trade association chief says group polled members and decided allowing the coverage to continue would reduce uncertainty. But group's position still differs from ICBA's proposed five-year extension.