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New regulations fail to address the next wave of dubious practices sure to emerge and sully the reputation of responsible lenders. Remember: The Maginot line held; new technology just allowed forces to go around it.
February 8
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The defendants behind an operation that allegedly preyed on homeowners agreed to settle charges that they lured people into paying $1,995 or more by holding out false promises about renegotiating their mortgages.
February 8 -
More banks besides Royal Bank of Scotland (RBS) are expected to be fined for manipulating the London interbank offered rate, Reuters reported Thursday, citing sources familiar with a bilateral investigation.
February 7 -
The Supreme Court has denied hearing another case against the National Labor Relations Board that calls into question the president's recess appointment authority.
February 7 -
WASHINGTON — The Senate Banking Committee has scheduled its first hearing of the year with a number of top banking regulators to discuss implementation of the Dodd-Frank reform law and other issues.
February 7 -
Democratic Sens. Robert Menendez of New Jersey and Barbara Boxer of California have reintroduced a bill that Democrats argue would help millions of borrowers refinance their mortgages.
February 7 -
WASHINGTON — The Senate Banking Committee has named its subcommittee leaders for the coming term.
February 7 -
The FDIC is expected to shortly unveil a clarification concerning deposits at overseas branches in an effort to resolve an ongoing issue between the U.S. and the U.K.
February 7 -
Breaking up the biggest banks would be futile, onetime Citigroup (NYSE:C) eminence and former Treasury Secretary Robert Rubin said on Thursday.
February 7 -
Any new state laws on the issue would likely strengthen the bargaining power of Visa and MasterCard in negotiations with retailers over swipe fees.
February 7
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The Office of the Comptroller of the Currency has named Donna Murphy, a former Justice Department official, to head its consumer law division.
February 7 -
It's time to lower the $250,000 coverage ceiling on FDIC deposit insurance.
February 7 -
The Consumer Financial Protection Bureau, created under the 2010 Dodd-Frank reform law, will take a comprehensive look at the relationship between universities and banks. Observers say it is likely to result in new regulations and restrictions on certain practices.
February 7 -
Merchants shouldn't have their heads in the clouds when it comes to data security especially when they rely on cloud computing to handle payment card data.
February 7 -
Merchant objections to the proposed $7.25 billion swipe-fee settlement are likely to mount following another delay in an appeal ruling.
February 7 -
Visa's V.me digital wallet is picking up momentum and the initiative is "right on the point of the spear" of the card network's product development strategy, Visa says.
February 7 -
Federal Reserve Board Governor Jeremy Stein on Thursday urged policymakers to consider using some of the central bank's monetary policy to help address gaps in regulation and foster greater financial stability.
February 7 -
Comptroller of the Currency Thomas Curry has promoted the agency's key bank mediator, Ombudsman Larry Hattix, into a newly created role as Senior Deputy Comptroller for Enterprise Governance.
February 7 -
The Federal Housing Administration has become the latest flash point in the battle over government's role in housing finance. American Banker editors discuss.
February 7
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Taken to the extreme, new guidance from the Federal Reserve will require boards to evolve into something close to shadow management.
February 7
