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A recap of the informed opinions (and the discussions they generated) on BankThink and AmericanBanker.com this week.
June 7
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Raj Date, the former deputy director of the Consumer Financial Protection Bureau, plans to work with banks to create cheaper short-term loans for cash-strapped customers, despite mounting regulatory scrutiny of the products.
June 7
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Rising rates can expose lurking dangers across the industry.
June 7
Ludwig Advisors -
Two operators of Liberty Reserve SA pleaded not guilty to U.S. charges that they helped run the largest money-laundering scheme in history.
June 7 -
The Federal Deposit Insurance Corp. exercised its powers to appoint itself the receiver to circumvent a judge's ruling that barred Nevada regulators from closing a tiny bank belonging to Capitol Bancorp.
June 6 -
A draft of the bill from Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va., has begun circulating on Capitol Hill. The legislation would set up a new housing finance system and calls for the dissolution of Fannie Mae and Freddie Mac.
June 6 -
Banks are behind many of the faulty or nonexistent records that lead collections companies to erroneously demand debt repayments. That was a key message from regulators, consumer advocates and collections insiders at a Thursday panel.
June 6 -
The Consumer Financial Protection Bureau released exam guidelines on how the bureau plans to enforce the recently released mortgage rules.
June 6 -
Regulators said Thursday they have formed a working group to enhance coordination between federal and state banking agencies on cybersecurity.
June 6 -
The Federal Deposit Insurance Corp. said implementation of rules for assessing banks' security portfolios without using external credit ratings will likely demand a "learning curve."
June 6
