Law and regulation

Capitol Bancorp (CBCRQ) has lost another bank after regulators closed its Sunrise Bank of Arizona on Friday.

Community South Bank in Parsons was shut down by Tennessee regulators Friday.

EverBank Financial (EVER) has reached a $43 million settlement with the Office of the Comptroller of the Currency in connection with allegations of improper foreclosure practices.

The Federal Bureau of Investigation is offering a reward of up to $10,000 for help in catching the so-called Loan Ranger Bandit, the agency announced on its website Friday.

The regional banks face a False Claims Act probe by the departments of Justice and Housing and Urban Development into how they originated FHA-insured loans. Large fines may follow.

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

A top official in the Consumer Financial Protection Bureau's enforcement office has left the agency to join an online lender in California.

The U.S. Department of Housing and Urban Development is charging Fifth Third with discriminating against a couple with disabilities who were attempting to refinance their mortgage.

Banks and credit unions are squaring off on the social media front over a Depression-era law that exempts credit unions from federal income taxes.

Bankers and other lenders are all but begging for more time to implement the qualified mortgage and other pending CFPB regulations, arguing that the Jan. 10 deadline gives them insufficient time to prepare.

A bill to license and regulate for-profit debt settlement companies doing business in Massachusetts is gaining traction with state lawmakers.

The Federal Reserve has approved a capital plan that was re-submitted by BB&T Corp. of Winston-Salem, N.C., the regulator announced Friday.

It is time for the U.S. to take the lead in having the safest and soundest banks, rather than to strive toward the lowest common and detrimental denominator.

A court ruling in Philadelphia on Thursday states that consumers may withdraw their consent to have robocallers contact them by cell phone.

State and federal regulators appear to be orchestrating a series of actions to force financial institutions and third-party payment processors to stop doing business with certain online consumer installment lenders.

The Securities and Exchange Commission has settled charges against a former executive of UCBH Holdings, the parent of the failed United Commercial Bank in San Francisco.

The ratings agency is reviewing its rating of the senior and subordinated debt of six major banks due to indications that the federal government would unlikely support failing institutions, it said in a statement Thursday.

The Department of Justice has dropped a deferred money-laundering case against the banking unit of Ocean Bankshares in Miami, the company announced Thursday.

Two American Indian tribes sued New York state's financial regulatory agency and its head over his crackdown on Internet lending businesses, some of which are tribally owned.

Bank of America and JPMorgan Chase are the latest servicers to say they have fulfilled their obligations related to the national mortgage settlement. The five servicers covered by the deal say they have provided more than $50 billion in consumer relief, double what was required.