-
The National Security Agency's PRISM surveillance program has sparked a major outcry over phone monitoring, but the less-publicized government accumulation of credit card and other payments data can provide far more granular intelligence, according to payments experts.
June 10 -
Pennsylvania Dutch country could get the first de novo bank to open in the U.S. in more than two years.
June 10 -
The banking unit of FNB United in Asheboro, N.C., has been freed from a regulatory order and has completed its integration of the Bank of Granite.
June 10 -
The constant pillorying of banks can hardly inspire public confidence in them. Regulators should focus, instead, on peer comparisons and the encouragement of effective policies and procedures.
June 10
-
In two closely watched cases, the Oregon Supreme Court has ruled that creditors using an electronic mortgage registry don't have to publicly record the ownership history of a trust deed to take advantage of the nonjudicial foreclosure process the state's legislature created in 1959.
June 10 -
After years of housing finance reform efforts languishing in Congress, a draft bill by Sens. Bob Corker, R-Tenn. and Mark Warner, D-Va., appears poised to become the catalyst for finally moving ahead on a way to overhaul Fannie Mae and Freddie Mac.
June 7 -
Sen. Elizabeth Warren, D-Mass., said the Federal Housing Finance Agency's objection to certain short sales designed to keep original borrowers in their homes is misguided.
June 7 -
Florida's attorney general has threatened to sue Bank of America for violating the national mortgage settlement.
June 7 -
A recap of the informed opinions (and the discussions they generated) on BankThink and AmericanBanker.com this week.
June 7 -
Raj Date, the former deputy director of the Consumer Financial Protection Bureau, plans to work with banks to create cheaper short-term loans for cash-strapped customers, despite mounting regulatory scrutiny of the products.
June 7
-
Rising rates can expose lurking dangers across the industry.
June 7
Ludwig Advisors -
Two operators of Liberty Reserve SA pleaded not guilty to U.S. charges that they helped run the largest money-laundering scheme in history.
June 7 -
The Federal Deposit Insurance Corp. exercised its powers to appoint itself the receiver to circumvent a judge's ruling that barred Nevada regulators from closing a tiny bank belonging to Capitol Bancorp.
June 6 -
A draft of the bill from Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va., has begun circulating on Capitol Hill. The legislation would set up a new housing finance system and calls for the dissolution of Fannie Mae and Freddie Mac.
June 6 -
Banks are behind many of the faulty or nonexistent records that lead collections companies to erroneously demand debt repayments. That was a key message from regulators, consumer advocates and collections insiders at a Thursday panel.
June 6 -
The Consumer Financial Protection Bureau released exam guidelines on how the bureau plans to enforce the recently released mortgage rules.
June 6 -
Regulators said Thursday they have formed a working group to enhance coordination between federal and state banking agencies on cybersecurity.
June 6 -
The Federal Deposit Insurance Corp. said implementation of rules for assessing banks' security portfolios without using external credit ratings will likely demand a "learning curve."
June 6 -
Federal Reserve Board Gov. Sarah Bloom Raskin on Thursday said regulators should move quickly to implement a robust set of capital and liquidity rules to avoid further uncertainty and costs for community banks.
June 6
