Policy & Regulation

New York regulator Benjamin Lawsky raised concern about conflicts of interest in mortgage servicer Ocwen Financial's business relationships, warning that a "tangled web of conflicts could create incentives that harm borrowers and push homeowners unduly into foreclosure."

A tax plan from House Ways and Means Committee Chairman Dave Camp would further limit the mortgage-interest break and end the deduction for state and local taxes, according to a nonpartisan congressional summary.

JPMorgan Chase is the first bank to adopt a new disclosure box for its prepaid cards, developed by Pew Charitable Trusts.

The Federal Reserve Board has released Metropolitan Bank Holding in New York from a January 2011 enforcement action.

In the FDIC's fourth quarter earnings report, the agency said loan buybacks fell to their lowest level in 5 years.

JPMorgan Chase & Co. (JPM:US) and Goldman Sachs Group Inc. (GS:US) were among 18 financial firms that agreed to stop participating in some surveys of analyst sentiment while New York investigates early access to the information.

The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.

Bank of America Corp., the lender that turned to Warren Buffett in 2011 for a capital injection, reached a deal with the billionaire's company to change terms so the investment is treated more favorably by regulators.

WASHINGTON -- Banks and thrifts earned $40.3 billion in the fourth quarter -- a nearly 17% rise from a year earlier -- largely due once again to reduced loan loss provisions, the Federal Deposit Insurance Corp. said Wednesday.

The framework released by the National Institute of Standards and Technology should serve as an important tool for banks in meeting regulators’ heightened expectations for managing cyber risk.