Law and regulation

The Federal Deposit Insurance Corp. has downgraded the Community Reinvestment Act rating for BancorpSouth in Tupelo, Miss.

WASHINGTON — The Federal Deposit Insurance Corp. does not require all its administrative users to log into its systems using multifactor authentication, according to an audit released Friday by the agency's Office of Inspector General.

Banks and industry representatives are asking whether the proposed long-term liquidity rule properly takes into account the risk profiles of certain assets, the interaction with other liquidity rules, and even whether the regulation is needed at all.

Another data firm plans to seek regulatory certification as a credit bureau for payday lenders.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

A new exam handbook released by the Office of the Comptroller of the Currency is sparking concerns that the agency is quietly expanding heightened regulatory guidelines meant for larger banks to smaller institutions.

Payday lenders are pushing into more states with longer-term installment loans or lines of credit, a shift that is expected to accelerate with the Consumer Financial Protection Bureau's plan to regulate small-dollar loans.

A Federal Housing Finance Agency rule that will force some members of the Federal Home Loan Bank System out next year is likely to have a material effect on several of the cooperative institutions.

Mortgage lenders can expand their businesses by catering to borrowers who aren't proficient in English, but doing so requires strategic recruiting and hiring and compliance with federal and state regulations.

Those wanting to break up banks act as though policymakers had no regulatory response to the crisis, but here’s an illustration of how actual reforms would have prevented a large failure.

Roger Ferguson is hedging his bet that regulators will go along with his plan to turn TIAA into a financial supermarket.

The Consumer Financial Protection Bureau has met the requirements for convening small-business review panels, though most panelists said they disagreed with the agency's final rules, the Government Accountability Office said Wednesday.

WASHINGTON — The Dodd-Frank Act of 2010 has not had a negative impact on community banks, contrary to assertions by Republicans and many bankers, according to a group of White House economists.

A single paragraph in a lawsuit filed by the Consumer Financial Protection Bureau is sparking fears by third-party payment processors that the agency is quietly and significantly expanding its authority over the industry.

The emergence of lenders that have no real connection to a geographic area prompts questions over how the Community Reinvestment Act's "good neighbor" policy can continue.

The U.S. is steadily building the foundation of a nationwide faster payments system, but not all of the pieces are connected. Many of the elements developed independently, with influence from across the globe.

PricewaterhouseCoopers LLP failed to spot for seven years a multibillion-dollar fraud that led to the demise of Taylor Bean & Whitaker Mortgage Corp., a lawyer for the lender's bankruptcy trustee told a Miami jury on Tuesday.

American International Group Chief Executive Peter Hancock said he's more focused on boosting returns than worrying about the government's classification of his company as a systemically important financial institution.

WASHINGTON — The biggest banks are supporting a bill that would ensure that all U.S. companies submit beneficial ownership information to authorities, arguing it would help combat money laundering and terrorist financing.

Financial reform advocacy groups are criticizing regulators' executive compensation proposal as too lax, saying the firms themselves are essentially given the freedom to ignore many of the harshest penalties