Law and regulation

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.

The law's biggest mistake was failing to consolidate financial regulators, our Editor at Large says, but there are plenty of other shortcomings as well.

The recent court ruling on debit interchange fees should remind the payments industry how harmful the Durbin amendment is.

The Federal Deposit Insurance Corp. board of directors on Tuesday is set to finalize a regulation dealing with the agency's handling of uninsured deposits held in foreign branches.

New York State's chief banking regulator is tightening the screws on banks that lend to landlords, increasing the requirements for Community Reinvestment Act credit.

A legal safe harbor designed to protect lenders that make "qualified mortgage" loans from consumer lawsuits is likely to expose institutions to potentially even greater liability, according to several banking experts.

ICAP, the world's largest broker of transactions between banks, is negotiating a fine with U.S. and U.K. regulators for allegedly helping traders manipulate the London interbank offered rate.

Frank and George Hamlin at Canandaigua National are turning letter writing into an art form as they rail against a wave of new bank regulation.

Mark Carney, chairman of the Financial Stability Board, urged leaders of the Group of 20 nations on Thursday to take more strides to strengthen the global financial system.

Strengthening the underlying loan manufacturing process and diversifying this risk in the secondary market remain critical to ensuring the integrity of the market.

The $2 trillion-asset company will stop accepting new student loan applications on Oct. 12, the company said Thursday.

A federal judge has preliminarily approved a $3.2 million class-action settlement against a collection agency accused of posing as district attorneys to steal more than $20 million in fees from debtors.

The Basel system has sanctioned bank balance sheets on the verge of insolvency, but in doing so it may have permitted much more lending and much more trading.

The Federal Deposit Insurance Corp. has terminated a consent order for Idaho First Bank in McCall.

Will mortgage reform rectify past discriminatory practices or close the gap between white and nonwhite rates of homeownership? The major proposals in Washington show little interest in these critical questions.

The $1.1 billion-asset company said in a press release Wednesday that its bank had been released from a memorandum of understanding with the Federal Reserve Board.

While some saw Tim Pawlenty's unexpected recommendation to strike Syria as a sign he may be weighing a return to politics, the former Minnesota governor said he is focused on his "current job" as head of the Financial Services Roundtable.

The Consumer Financial Protection Bureau issued a stark warning Wednesday to banks and other firms that exchange information with consumer reporting agencies, saying such companies will be heavily scrutinized for how they resolve customer disputes.

The recent leadership shuffle at Banesco USA may have resulted from problems in its compliance with the Bank Secrecy Act, according to a report in the South Florida Business Journal.

The idea of subjecting U.S. financial supervision to peer review by European and Asian financial regulators with their own problems is a bit rich to swallow.