Law and regulation

The public will be able to review complaints against individual banks through a database the CFPB is launching Tuesday.

The Birmingham, Ala., bank stands out for its efforts to attract long-ignored customers to the traditional banking system with alternative products, including the popular but controversial "Ready Advance."

The Republican congressman urged the SEC, which has been studying computer-driven trading techniques, not to take steps that will hurt financial markets.

Private-sector watchdog for FSOC launches with goal of moving regulators in the direction of quicker rules to implement Dodd-Frank.

Five years after embarking on a path to become a bank holding company, specialty lender CapitalSource is almost there. Tad Lowrey, the CEO of CapitalSource Bank, thinks the Fed will approve an application next year, now that company is "smaller, simpler and cleaner."

BB&T (BBT) Chief Executive Kelly King urged his fellow bankers Monday to vote against politicians who favor more regulation of the private sector and replace them with leaders who have more faith in the free markets.

Among other things, House lawmakers shouldn't tell Jamie Dimon how awesome he is (he already knows) and shouldn't suggest over-regulation caused the $2 billion-plus loss at the bank. To find out the worst thing they could do, however, read on.

A lobby group for the world's largest banks warned Monday that regulators across the world risk pushing more financial activity into unregulated and non-transparent market niches, creating more of the risks that they meant to tackle.

The Federal Housing Administration has rescinded guidelines that would have made it harder for consumers to qualify for a mortgage if they have a collection action or disputed credit account of at least $1,000.

We finally have a regulator with no mandate to preserve banks' image. To protect consumers, the CFPB must assure that those who cheat them are punished. New rules won't help if we don't enforce the old ones.

It was a wild time in Washington last week, with Jamie Dimon taking up most of the oxygen with his testimony on Wednesday. But there were other highlights that shouldn’t be missed. Following is the Top 5 Stories:

State regulators closed banks in Georgia, Florida and Tennessee on Friday, making June a busy month for failures.

Members of the House Financial Services Committee have a chance Tuesday to pose tougher questions about the JPMorgan trading losses than their Senate counterparts did.

The Consumer Financial Protection Bureau is adding to its efforts to protect vulnerable groups of consumers with a new study into elder financial abuse.

With Congress nearing a vote on a new Farm Bill that will set agricultural policy for the next five years, the banking industry is urging lawmakers to resist efforts to weaken the federal crop insurance program.

Maybe George Bailey should've jumped — and made his savings and loan a commercial bank. If he had, he'd have been much better prepared for the Fed's decision to raise certain capital requirements, a move some are calling the death knell for the classic thrift business model: lend to home buyers like crazy.

As with housing, different bank markets across the country have crashed and recovered at different speeds. Measured by institutions with high Texas ratios, stress has tapered quickly in states like Washington and California, but remains elevated in Georgia, Illinois and Florida.

Home Depot told shareholders that interchange price controls would add "$35 million a year" to the bottom line. Why should consumers now believe the company has chosen not to keep these newfound gains for itself?

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.

Both Democrats and Republicans went easy on Jamie Dimon at the Senate Banking Committee hearing on June 13, but GOP fawning over the JPMorgan chief executive drew the ire of "Daily Show" host Jon Stewart on Thursday night.