Law and regulation

The president and chief executive of Pacific Premier Bancorp (PPBI) in Irvine, Calif., has been elected to the board of the Federal Home Loan Bank of San Francisco.

In more than 71 pages, banking and securities regulators detailed precisely how they planned to strike a balance between banning proprietary trading while providing banks with the flexibility to continue to engage in certain market-making activities.

The FTC's goal of compensating victims of merchant fraud is laudable. But effectuating that goal through a "crackdown" on processors and ISOs, which effectively makes them insurers of merchant fraud, seems misguided.

The regulator for Fannie Mae and Freddie Mac on Monday directed the two housing finance giants to raise fees for all loans in an effort to bring private capital back into the mortgage market and better reflect the credit risks of borrowers.

Treasury Secretary Jack Lew, head of the Financial Stability Oversight Council, renewed calls on Monday for Congress to pass a bill that would help address ongoing cybersecurity threats to financial institutions.

A group of state regulators issued a paper calling on federal regulators to do a better job of exempting small banks from their regulations, including urging the CFPB to provide more exemptions for small banks to its "Qualified Mortgage" rule.

State financial regulators have received few applications for licensing Bitcoin businesses even as they've handled many inquiries about them, according to David Cotney, the commissioner of banks in Massachusetts.

WASHINGTON — The Federal Deposit Insurance Corp. will release a long-awaited document Tuesday detailing how it plans to use the "single point of entry" method to resolve failed behemoths.

Following pressure from the governors of Colorado and Washington, the agencies say they're considering steps to lessen banks' risk when establishing relationships with pot dispensaries and producers.

A ban on portfolio hedging would perfectly illustrate the current practice of regulatory ‘populism’ that has pervaded financial regulatory reform since the crisis.

New York's Benjamin Lawsky and other state regulators have given no indication of differentiating between online lenders that operate well and those that don’t. Yet the spectrum of alternative lending operations indicates that just such a distinction is needed.

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

Appearing between two higher-profile speakers at D.C. conference, Luis Aguilar reminds audience that Sean Connery did not in fact pass the baton straight to Roger Moore.

With just two weeks left before Congress takes a holiday recess, lawmakers are stepping up efforts to deter frivolous patent lawsuits against banks and a host of other companies.

PNC has put the historic Pennsylvania Avenue headquarters building of Riggs National Bank on the market.

The $806 million-asset company and the FDIC entered into a consent order related to AML and Bank Secrecy Act controls, staffing and administration, Banesco said Friday.

The New York State Department of Financial Services has approved three banks to convert to state charters.

WASHINGTON — The Federal Reserve on Friday launched an interactive Web site marking of its 100th anniversary since the U.S. central bank was created by President Woodrow Wilson.

Consumer Financial Protection Bureau Director Richard Cordray debunked myths on Thursday about the agency's new mortgage rule.

Reduced lending, fewer leaders in times of crisis and less innovation – that’s what we’d have if only the biggest banks were allowed to survive.