Opinions

Bankers are concerned about how sharing information with the Consumer Financial Protection Agency will affect client confidentiality. "Typically, information given to a third party loses attorney-client privilege, and prior legislation formally exempted the other bank regulators from that rule," writes American Banker's Joe Adler. "But Dodd-Frank did not expressly include the CFPB in that exemption.”

California lawmakers on Monday passed a package of foreclosure prevention bills that will slow foreclosures, impose stricter rules on mortgage servicers and potentially raise the cost of home loans.

The U.S. Chamber of Commerce sent a letter Monday to CFPB Director Richard Cordray urging him to take several steps, including defining what "abusive" products and practices are.

Nearly all smartphone users in Sweden will soon have access to a mobile payment service called MyWallet if their phones support it.

We won't have another nationwide bubble for 35 years or so. By then, cautionary tales from 2007-09 will seem irrelevant to those with modern skills and advanced risk management capability.

Two years into Dodd-Frank implementation, how is compliance going from an information technology perspective? Banks still have plenty of IT challenges to work through, agree consultants in a collection of mini-essays presented by Bank Systems & Technology. Curiously the lone voice of optimism the mix comes from a bank CEO.

FDIC loss-sharing deals are significantly down this year as failures get smaller, bidders become more competitive and the economic situation improves.

Navy Federal Credit Union in Vienna, Va., has established a commercial loan participation program in which it will buy business loans from other credit unions that are nearing their cap on business lending.

The U.K.'s Financial Services Authority has "a number of investigations concerning Libor" beyond the case that resulted in a record fine levied against Barclays Plc last week, the agency's acting head of enforcement said.

You've probably heard of the Office of Financial Research's database for tracking financial companies like barcodes. It's also tasked with building another system that's equally critical – and a much greater technical challenge.