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A Texas-based debt settlement company last week was accused of multiple violations of Oregon's Unlawful Trade Practices Act and has been banned from doing business in the state.
July 8 -
Anchor BanCorp Wisconsin (ABCW) has defaulted on a loan from a group of banks led by U.S. Bancorp (USB) after the Federal Reserve Board rejected a request to extend the loan.
July 5 -
A group of payments companies experienced in international business have formed a network to support e-commerce merchants as they plan their global expansion.
July 5 -
Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, praised regulators on Friday for their changes to the final Basel III capital standards announced earlier in the week.
July 5 -
The Township of Mount Holly, New Jersey and a local citizens' group are seeking to settle a dispute now before the Supreme Court that threatens to undercut the Obama administration's crackdown on alleged discrimination in lending.
July 5 -
The Office of the Comptroller Currency ordered JPMorgan Chase to refund fees to certain retirement account customers whom it steered into its own mutual funds. The move reflected regulators' broader concerns about conflicts of interest in its giant asset management business.
July 5
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Regulators increasingly are holding banks accountable for the misdeeds of vendors and customers. The trend reflects a broadening of their definition of what constitutes safety, soundness and reputational risks to banks. For senior industry executives, the implications are that banks will be pressured to police the behavior not only of employees but of those they deal with outside the bank as well.
July 5
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Rep. Jeb Hensarling is expected to unveil new mortgage finance reform legislation this month an effort that has virtually no chance of becoming law this year, but one that will undoubtedly shape the housing debate.
July 5 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week.
July 5
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The nation's biggest mutual thrift has endured litigation, activists' protests and a check-kiting scandal at Roma, a thrift it is trying to buy.
July 5
