Policy & Regulation

Lenders and vendors found no bad surprises in the Truth in Lending Act/Real Estate Settlement Procedures Act integrated disclosure exam guidance, but it didn't clarify much industry confusion either.

The government’s cap on interchange fees has failed to produce savings for consumers. That’s why the Federal Reserve should avoid dictating prices in the private sector.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

In a series of internal documents that were reviewed by American Banker, Consumer Financial Protection Bureau officials repeatedly acknowledge its methodology could overcount the potential discrimination by firms, but say they prefer that to the alternative where bias is underestimated.

WASHINGTON — The Federal Deposit Insurance Corp.'s involvement in the Justice Department's Operation Choke Point was minor, the agency's inspector general said Thursday.

The possibility that Congress may fail to pass a spending bill by the end of this month or not raise the debt ceiling had no bearing on the Federal Reserve Board’s decision to maintain its accommodative monetary policy, Fed Chair Janet Yellen said Thursday.

Rep. Randy Neugebauer, R-Texas, a senior member of the House Financial Services Committee, said Thursday that he would not run for office in 2016.

Interest rates are still at zero, and banks will still be OK — though they may have to do a little scrambling. That could mean a shift away from short-term, rate-sensitive assets, or yet another round of cost-cutting.

House lawmakers from both parties had tough words Thursday for the National Credit Union Administration about its revised risk-based capital proposal.

Promontory Financial Group has hired former Citigroup and Bank of America executive Eugene McQuade.