Law and regulation

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

The National Community Reinvestment Coalition and other consumer groups say the bank regulators did not go far enough in proposing changes to Community Reinvestment Act examinations.

The $9.3 billion foreclosure settlement might not have provided a lot of monetary relief, but it provided plenty of comic relief for viewers of the Daily Show.

After receiving thousands of complaints from consumers, the Consumer Financial Protection Bureau is encouraging private student lenders and the government to help lower payments for borrowers.

Fed Chairman Ben Bernanke highlighted ongoing efforts to monitor threats and vulnerabilities in four critical areas: systemically important financial institutions, shadow banking, asset markets, and the nonfinancial sector.

Banks, conflicted by moral hazard, will always fight for maximum FDIC coverage at the least possible cost, since the FDIC is ultimately backed by Other People’s Money.

A debt settlement firm and its owner were charged with mail fraud, wire fraud and conspiracy in what prosecutors call a four-year scheme that bilked customers to pay expenses at a nightclub, luxury car leases and credit card bills.

California accused JPMorgan of illegal tactics to sue thousands of credit card borrowers behind on their debts, including "robo-signing."

The masterminds behind the recent crime spree that netted $45 million in fraudulent ATM withdrawals focused their attention on prepaid cards, highlighting yet another risk banks face when offering such products.

Federal Reserve Board Gov. Elizabeth Duke expressed concerns Thursday that new mortgage rules released in January could hold back the flow of credit for weaker borrowers in the current "murky" mortgage market.

California accused JPMorgan of illegal tactics to sue thousands of credit card borrowers behind on their debts, including "robo-signing."

International regulators and the institutions they supervise are objecting to a proposal by the Federal Reserve Board that would toughen oversight of foreign institutions operating in the U.S.

Federal Housing Finance Agency Acting Director Edward DeMarco outlined two strategies on Thursday to help draw private capital into the housing market to replace Fannie Mae and Freddie Mac.

Unity Bancorp in Clifton, N.J., is set to redeem half of the preferred shares it issued through the Troubled Asset Relief Program.

The share of all loans that were at least one payment past due or in foreclosure fell to 10.3% in the first quarter, the lowest level in four years, the Mortgage Bankers Association said Thursday.

In three years of “say-on-pay” votes since Dodd-Frank, investors have widely acquiesced to double-digit increases in bank executive compensation.

The president of the Kansas City Fed responds to the ABA's James Chessen.

Comptroller of the Currency Tom Curry said regulators should take another look at the leverage ratio as part of a Basel III rule, another sign that the agencies are considering raising the standard.

MasterCard delivered its biggest commitment to financial inclusion to date, announcing the rollout of 13 million smart cards that would also serve as national identity cards for Nigerians.