Policy & Regulation

The Federal Deposit Insurance Corp. is suing four former officers and directors of a failed Baltimore bank for more than $7.4 million in damages.

The information that some of the nation's largest data brokers are selling to consumer lenders is riddled with inaccuracies, the National Consumer Law Center finds.

Rep. Jared Polis, D-Colo., has launched a hilarious stunt to urge federal regulators to ban U.S. dollars, following a more serious plea by Sen. Joe Manchin, D-W.Va., to prohibit Bitcoin.

The subsidiaries of the $4.4 billion-asset company will be merged into Simmons First National Bank by August 2014, according to a Wednesday filing with the Securities and Exchange Commission.

It is not right that a creditor be held liable for unintentional discrimination on the basis of less evidence than is required to prove intentional discrimination. Leveraging a settlement on threat of litigation without such evidence is an abuse of power.

Consumer Financial Protection Bureau managers are far more likely to rate white employees highly than minorities, data obtained by American Banker shows. The figures reflect broad personnel problems inside the agency and are likely to give rise to claims that it's failing to uphold standards it punishes others for violating.

The Consumer Financial Protection Bureau's employee ratings show the same sorts of racial patterns that it has castigated bankers for permitting in the loan market. American Banker staffers discuss what may be behind the numbers and what they may mean for bankers and policymakers.

The largest global banks halved the shortfall in the capital they will need to meet Basel rules in the first six months of 2013, leaving a gap of 57.5 billion euros ($79 billion).

Predictions vary widely on how hard it will be for foreign banks to comply with a new capital rule from the Federal Reserve. Many will have to sell branches or loans, or they may just need to shuffle some legal paperwork, depending on whom you speak with.

The increased scrutiny, mortgage bankers complain, would end recent attempts to provide home loans to borrowers with weaker credit, something the FHA has been trying to spur for years.