Law and regulation

Traditional installment lenders are fixtures in their communities and verify borrowers' ability to repay, which cannot be said of payday lenders.

The 2016 presidential race is shaping up to be the most expensive ever held. Following are the top financial-services donors, including employees, their immediate family members, and political action committee contributions, to each major presidential candidate (sorry Jim Gilmore). Data as of Sept. 30, 2015, all data based on Federal Election Commission filings compiled and analyzed by the Center for Responsive Politics.

The Financial Accounting Standards Board's proposal to start loss reserves when a loan is originated is antithetical to banks making localized financial decisions.

The unprecedented accommodative interest rate environment has spurred banks to offer long-term loans at very low rates of return, and if the cost of funds goes up — especially if it goes up more dramatically than expected — it could put depository institutions in a tough position.

U.S. Bancorp has been hit with a consent order regarding deficiencies in its anti-money laundering compliance program.

CEOS of midsize banks traveled to Washington recently to seek relief from some of the more onerous regulations that they say are making it harder for them to compete with both big banks and largely unregulated marketplace lenders that are aggressively going after their customers.

The Consumer Financial Protection Bureau's implementation of the statute banning "abusive" conduct through enforcement action instead of rulemaking is not sustainable.

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 proposal that would require the biggest banks to issue long-term debt as a backstop to prevent another government bailout could instead instigate one, Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig said Thursday.

Marketplace lenders are still so new that their business model is untested and unproven, raising fears both for consumers and the industry at large, Federal Deposit Insurance Corp. officials and several bankers said Thursday.

National Bank Holdings in Greenwood Village, Colo., has filed an application to convert NBH Bank from a national association to a Colorado state-charted bank.

Fannie Mae was affected by the same derivatives accounting mismatch that led to Freddie Mac's first quarterly loss in four years. But its bulk and balance sheet provided enough cushion for the larger of the two government-sponsored enterprises to post a profit for the third quarter.

The regulators' annual Shared National Credits review found nearly 10% of large, syndicated credits demonstrated some form of weakness, most of which were leveraged loans. But renewed concerns about energy loans also cropped up.

WASHINGTON — The Consumer Financial Protection Bureau is not alone in having racial disparities in its performance reviews, according to a report issued Thursday by the Democrats on the House Financial Services Committee.

WASHINGTON — The House passed a massive $340 billion transportation bill on Thursday, striking two key provisions hated by the banking industry while adding several other measures that could affect financial institutions.

Financial institutions are often thought of as major consumers of technology, but a pair of recent examples show that more tech is being developed in-house and, once proven feasible, monetizing it. Expect more spin-offs, observers predict.

KeyCorp’s biggest deal since Beth Mooney became CEO would make it the 13th largest U.S. commercial bank if approved, and a proposal from Virgin Money's Jayne-Anne Gadhia could prompt the U.K. to peg bank exec bonuses to gender diversity. Also: Barclays' Barbara Byrne, KKR's Suzanne Donohoe and JPM's Eileen Serra.

The CFPB is evaluating whether it should take legal action against the Minnesota company for how it handles overdraft protection. The move comes as TCF takes steps to become less dependent on services charges for fee revenue.

Raj Date, the consumer bureau's former deputy director, said Thursday regulators need to be flexible, responsive and use discretion when it comes to dealing with financial technology startups.

Wells Fargo has agreed to pay $81.6 million to settle a federal investigation into its alleged failure to properly notify homeowners of increases in their mortgage payments.