Policy & Regulation

Evans Bancorp in Hamburg, N.Y., has agreed to pay $825,000 to settle a lawsuit that accused the company of mortgage redlining.

Gregory Baer, the head of regulatory policy for JPMorgan Chase, will be the next president of The Clearing House Association, the group announced Friday.

The FDIC has proposed a plan that would increase premiums for banks that use reciprocal deposits—a tool that community development financial institutions rely upon to meet credit demand in low-income communities.

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.

Two community banks — Community Bankers Trust in Richmond, Va., and Charter Financial in West Point, Ga. — have reached early terminations of loss-share agreements with the Federal Deposit Insurance Corp.

The Justice Department's announcement that it would target individual executives at banks and other companies that are being investigated for wrongdoing has sparked a debate about whether the move is actually substantive or instead just designed to boost the agency's public image.

Arthur Levitt, the chairman of the Securities and Exchange Commission from 1993 to 2001, will become an adviser to the marketplace lender Social Finance.

The consumer agency, which recently reached a large settlement with JPMorgan Chase over collections practices, turned its focus Wednesday to the country's two largest debt buyers.

Comptroller of the Currency Thomas Curry said banks could consider loan-to-value ratios above 90% to help revitalize areas hurt by the housing crisis.

The Consumer Financial Protection Bureau imposed up to $79 million in penalties and refunds Wednesday in enforcement actions against the country's two largest debt buyers.