Law and regulation

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The Office of the Comptroller of the Currency plans to release Associated Banc-Corp (ASBC) in Green Bay, Wis., from a February 2012 consent order.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

The new cybersecurity framework issued under a White House executive order lacks congressional mandate and tracks rules banks already follow, but some experts believe the new document could be a standard used in data breach litigation and future regulatory changes.

First Security Bank of Malta in Montana has been freed from a prompt corrective action issued by the Federal Reserve Board.

Federal authorities on Friday took their most forceful step to date toward bringing state-licensed marijuana businesses into the financial mainstream.

A group of House Democrats is urging regulators to provide a limited exemption for some debt securities issued by collateralized loan obligations under the Volcker Rule.

Citigroup said Vice Chairman Michael Helfer will retire next month and Zion Shohet will take on an expanded regulatory role.

In most states, the good-faith lending decisions made by bank officers and directors are protected from liability, even if the loans sour and the bank fails. But bankers and directors beware: you can still be sued for simple negligence.

GSE regulator says Fannie and Freddie are responsible for monitoring servicers.

The Federal Reserve Bank of Cleveland has appointed Loretta Mester as its next president and chief executive.

The Financial Stability Oversight Council met on Thursday for a previously scheduled meeting in closed session.

First Trust in New Orleans has been freed from a written agreement with the Federal Reserve Board.

FATCA requirements affect a broad cross section of stakeholders and policies within financial institutions including, but not limited to, client onboarding, investment banking, documentation, treasury and collateral management.

Housing and Urban Development Secretary Shaun Donovan says it’s important for investors in mortgage-backed securities to receive a fair price for seized mortgages.

The Office of the Comptroller of the Currency's recent risk management proposal is tougher than institutions expected and would give the agency greater leeway to punish a firm it feels is not up to snuff.

The proposal to let the U.S. Postal Service become a bank is a hard sell, but the idea has legs for political, legal and business reasons. Here are answers to the top questions about the provocative idea.

New York's banking regulator unleashed a verbal assault on nonbank servicer Ocwen Financial Wednesday, saying the company's use of technology to better handle distressed loans is "too good to be true."

The U.S. Postal Service, well positioned to compete with payday lenders, could redirect the $7.4 billion Americans annually spend on these types of loans back into the U.S. economy. But it would have to become a proper bank to do so.

The American Bankers Association has decided to drop its lawsuit against the final Volcker Rule, saying regulators have already addressed some of the potential damage from the regulation.