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A final piece of Bank of America Corp.'s record $16.7 billion toxic-mortgage settlement is being held up by an internal fight at the U.S. Securities and Exchange Commission, said four people familiar with the case.
October 27 -
The Consumer Financial Protection Bureau's report on private student loans should prompt lenders, regulators and universities to take action to help troubled borrowers and prevent future defaults.
October 27
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Regulators on Friday closed The National Republic Bank of Chicago, the 16th institution to fail this year.
October 24 -
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October 24 -
WASHINGTON House Republicans are seeking an investigation by an independent watchdog into the Federal Deposit Insurance Corp.'s role in the Justice Department's "Operation Choke Point," which aims to combat illicit businesses by forcing them out of the banking system.
October 24 -
The elections on Nov. 4 are expected to be "the most expensive" mid-term race in history, with banks hoping for Republican control of the Senate in the hopes of enacting some regulatory relief. Following are how much the financial services industry has given and who they've given it to.
October 24
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WASHINGTON Regulators issued a proposal on Friday that would require banks to escrow premiums and fees for flood insurance on mortgages made or refinanced after Jan. 1, 2016.
October 24 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week.
October 24 -
The mid-term elections next month are on track to be one of the most expensive contests to date, and the financial services industry remains a top political donor.
October 24 -
Instead of trying to stop companies from offering payday loans and check cashing services to lower-income households, we should encourage more competitors including banks to enter this space.
October 24
