Law and regulation

Sen. Charles Schumer, D-N.Y., has asked for more time for public comment on KeyCorp's proposed takeover of First Niagara Financial Group, and said more study is needed on the deal's potential economic impact on western New York.

A healthy bank culture can only be built from within, rather than as a compliance exercise to satisfy regulators.

Finally released from a long-standing regulatory order, FNBH in Michigan is looking forward to ramping its lending, expanding its capabilities in wealth management and moving forward on plans to revamp its core processing system.

The Federal Housing Finance Agency is giving private mortgage insurers some hope this holiday season that they might get a change to offer deeper mortgage insurance on Fannie Mae and Freddie Mac single-family loans.

WASHINGTON — Third quarter bank trading revenue fell 5% from last year to $5.3 billion as equity trading underperformed, according to a report issued Monday by the Office of the Comptroller of the Currency.

Some mortgage investors are refusing to buy home loans that are at risk of violations of new consumer-disclosure rules. The problem appears to be worst among nonagency jumbo loans purchased by private investors.

The Federal Reserve issued a proposal Monday outlining a framework to implement a countercyclical capital buffer for the largest and most internationally active banks, a key part of Basel III that has until now lacked any details.

Three banks have redeemed shares of preferred stock to make their exits from the Small Business Lending Fund.

WASHINGTON — The House and Senate have approved major spending and tax packages, which are now en route to the White House to be signed into law.

Multifamily properties are getting pricy and new construction is putting upward pressure on vacancy rates, worrying banking regulators.

State Street said it incorrectly invoiced at least $200 million in asset servicing expenses to clients over a period of 18 years.

De novo activity has remained at a trickle and the reason is investing in a new bank just isn't attractive as it used to be.

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.

Freddie Mac will begin issuing single-family mortgage-backed securities sometime next year via the new common securitization platform, the Federal Housing Finance Agency said Thursday.

The legal status of marijuana is likely to shift dramatically next year, with around ten states considering some form of decriminalization. But banks will likely have a longer wait until the rules around serving marijuana businesses are cleared up.

WASHINGTON — The Office of the Comptroller of the Currency released details Thursday of a proposal that would require large banks to submit a "recovery plan" for how they would survive a crisis.

The Consumer Financial Protection Bureau has ordered payday and pawn lender EZCorp Inc. to pay $10.5 million for alleged illegal debt collection tactics.

The Consumer Financial Protection Bureau announced Thursday that it had fined one of the largest dealer-finance companies, CarHop, $6.5 million for inaccurately reporting consumer credit data.

Sen. Bob Corker championed a provision he added to the budget bill that would temporarily prevent the Treasury Department from recapitalizing Fannie Mae and Freddie Mac and discussed other banking priorities in a sitdown interview with American Banker.

The Consumer Financial Protection Bureau's payday loan proposal threatens many money services businesses on the front lines of stopping money-laundering and terrorist financing.