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WASHINGTON Declines in mortgage-related revenue and trading income helped pull first-quarter earnings down 7.6% from the industry's profit a year earlier, the Federal Deposit Insurance Corp. said Wednesday.
May 28 -
Cities including Baltimore and Los Angeles have brought lawsuits against banks alleging that subprime lending to minority borrowers wound up costing municipalities tens of millions of dollars. A recent Supreme Court ruling could help banks deflect such charges.
May 28
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A battle over social media about how well the current housing finance system treats African-Americans and other minorities has spurred a critical discussion about racial disparities in the mortgage market.
May 27 -
A consolidated exam force could give state regulators access to federal resources without undermining the dual banking system.
May 27 -
Solera National in Colorado went through a messy proxy fight with its biggest shareholder. The contest prompted the company's OCC examiner to ask for an invitation to the meeting.
May 27 -
Merchants who use dynamic currency conversion should be required to give consumers full disclosure about the service's added fees.
May 27 -
Thomson Reuters Corp., the provider of financial data and news, elected former Federal Deposit Insurance Corp. Chairman Sheila Bair to its board, adding an outspoken advocate of greater transparency from banks.
May 27 -
Mortgages generated the bulk of consumers' complaints.
May 27
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The Financial Stability Oversight Council prices enhanced transparency.
May 27 -
The agency proposes its first fee increase in 20 years.
May 27 -
The Ohio Division of Financial Institutions closed Columbia Savings Bank in Cincinnati on Friday.
May 23 -
The congressional stalemate over how to restructure the housing finance system leaves several questions unanswered about other bank regulations currently in the pipeline.
May 23 -
Democratic allies are hoping that, once confirmed, Julian Castro will focus on increasing affordable housing and making mortgage credit more available to first-time homebuyers.
May 23 -
House Financial Services Committee Chairman Jeb Hensarling is challenging the idea that regulators should restrict banks' activities based on a judgment about the potential harm to their reputations.
May 23 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week.
May 23 -
The dramatic headwinds of the Affordable Care Act will result in increasing defaults and bankruptcy for many healthcare operators. Lenders should start evaluating risk in their healthcare portfolios now.
May 23 -
The agency's "Supervisory Highlights" report focused on a slew of issues and federal violations that the agency found while examining payday lenders, debt collectors and consumer reporting agencies that resulted in $70 million in remediation payments to consumers.
May 22 -
House Republicans aren't likely to cease their attacks against the Consumer Financial Protection Bureau anytime soon, but they appear to be swapping playbooks.
May 22 -
The 2009 law that restricts a range of fees and practices has become the devil you know for the credit card industry.
May 22
