Policy & Regulation

The Office of the Comptroller of the Currency has lifted a regulatory enforcement action against First Security Group (FSGI) unit FSGBank.

In 30 states and the District of Columbia, attorneys general are urging the Consumer Financial Protection Bureau to adopt new debt collection rules that will "better protect consumers and military service members."

The U.S. Senate's Democratic Banking Committee Chairman, Tim Johnson, and top Republican, Mike Crapo, laid out a preliminary agreement Tuesday that adds to momentum to a bipartisan effort to reform Fannie Mae and Freddie Mac. American Banker editors discuss what behind the push's rare appeal on both sides of the aisle and the challenges its backers face in coming weeks.

Sens. Tim Johnson, chairman of the Senate Banking Committee, and Mike Crapo, the top Republican, received an overall warm welcome to their agreement on housing finance reform released Tuesday, after months of negotiation.

Digital currency exchanges may soon file formal proposals and applications to operate under regulations set by the New York State Department of Financial Services.

Royal Bancshares of Pennsylvania (RBPAA) in Narbeth has agreed to sell nearly $14 million in stock through private placements.

The Federal Reserve Board has the authority to act on its own to apply different capital requirements for insurance companies than those it has already mandated for banks, several senators said Tuesday.

Retail bankers are struggling with a vexing mix of competitive and regulatory headwinds these days. As they prepare to gather at American Banker's Retail Banking 2014 conference, the publication's editors discuss what are likely to be the hottest topics of the day.

Banks of all sizes are struggling to increase the revenues and profits that they can eke out of their retail operations — while trying to elbow their competitors out of the same turf. To do so, bankers need to face some hard truths about their branches, technology and M&A ambitions.

Sens. Tim Johnson, chairman of the Banking Committee, and Mike Crapo, the top Republican, laid out a preliminary bipartisan agreement on housing finance reform after months of deliberation.