Joe Adler

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.

Patterns in the private student-lending industry are dangerously similar to those seen in the housing market prior to its collapse, according to a study expected to be released Friday by the Consumer Financial Protection Bureau.

Comptroller of the Currency Thomas Curry is trying to create a tougher, more ethical agency, he testified Tuesday on Capitol Hill.

Compliance chiefs at other banks should roll video of a Senate panel's grilling of HSBC executives about anti-money-laundering failures when they want to demonstrate the consequences of mismanaging risk.

A final rule places credit reporting agencies under the bureau's nonbank supervision program as part of its "larger participant" powers.

Regulators late Friday seized the $24.8 million-asset Glasgow Savings Bank in Glasgow, Mo.

WASHINGTON — Twelve Democratic senators have called for a U.S. investigation into any role banks and regulators may have played in the scandal over the London Interbank Offered Rate.

Banks are allowed to pass on costs related to FDIC premiums, but the agency is warning the industry that expressly designating an 'FDIC fee' has consequences.

Members of the GOP-controlled House once again debated the impact — and potential pitfalls — of a section of the Dodd-Frank Act, with the subject du jour concerning so-called QM regulation.

Senate Banking Committee chairman raises concerns about growing scandal and says lawmakers may question top U.S. officials on the matter later this month.

FDIC loss-sharing deals are significantly down this year as failures get smaller, bidders become more competitive and the economic situation improves.