Law and regulation

Tougher restrictions on job duties, zero tolerance from senior management and compensation structured around long-term incentives, among other things, will prevent the wrong people ending up in banking for the wrong reasons.

The House Financial Services chairman mocked his height and the partisan nature of the housing finance debate, while referencing everything from football great Johnny Manziel to McDonald's hamburgers.

Pacific City Financial (PFCF) in Los Angeles redeemed more than half the preferred stock it issued to the Treasury Department under the Troubled Asset Relief Program.

The two lenders are the largest issuers of deferred-interest credit cards and would be most affected by a CFPB crackdown on the product, a new report suggests.

Rather than simply continuing to absorb the losses from account takeover attacks, institutions should be reevaluating the effectiveness of their authentication methods and increase security to better prevent fraud.

Senate Majority Leader Harry Reid has finally made good on longstanding threats to alter chamber rules on executive nominations, likely paving the way for controversial White House nominees to win confirmation — including Rep. Mel Watt to head the Federal Housing Finance Agency.

The House Financial Services Committee passed six bills on Thursday that would change several aspects of the Consumer Financial Protection Bureau.

Industry representatives say the Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency's guidance puts the future of deposit advance in doubt, while regulators say they are simply urging better underwriting and risk management.

The House Financial Services Committee passed six bills on Thursday to alter various aspects of the Consumer Financial Protection Bureau.

Tim Howard, dismissed with former CEO Franklin Raines in late 2004, claims in a new book, "The Mortgage Wars," that the GSE was quite healthy — but was the victim of vicious attacks by a banking lobbyist group and regulators.

Timothy Howard is adamant that a private-market fix will not work, though letting GSEs keep holding mortgages is too controversial to get Congressional approval

The Consumer Financial Protection Bureau released a final rule on Wednesday that merged mortgage disclosure forms in an effort to help consumers better understand the total costs of a loan.

The Senate Banking Committee voted to advance Janet Yellen's nomination to head the Federal Reserve on Thursday, with several lawmakers breaking party lines.

Cash America International, one of the payday lending industry's biggest companies, has agreed to pay up to $19 million for alleged violations that include impeding the Consumer Financial Protection Bureau's examination process.

We can talk all we want about policies, process and technology, but in the end, financial services remains a people-based business. Having the right people in key risk management roles will yield the strong institutions of tomorrow.

A remarkably substantive debate on big banks turns up a big surprise.

Though bankers generally applauded the Consumer Financial Protection Bureau's final rule on mortgage disclosures, they are raising concerns that some of the changes need to be fixed or they'll have no choice but to assess higher fees at the closing.

"Payday lender Cash America International will pay up to $19 million to settle allegations that it robo-signed court documents, overcharged members of the military, and took steps to impede an examination by the Consumer Financial Protection Bureau," writes American Banker's Kevin Wack.

Cash America agrees to pay $19 million to settle charges that it illegally robo-signed documents, overcharged members of the military, and stymied a CFPB examination by destroying and withholding information.

Community groups are uniting to protest Regions Financial's (RF) short-term loan program, calling on the Birmingham, Ala., company to ditch its "Ready Advance" product.