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A unit of United Community Financial (UCFC) in Youngstown, Ohio, has been freed from an enforcement action with the Federal Deposit Insurance Corp. and the Ohio Division of Financial Institutions.
February 5 -
The Federal Deposit Insurance Corp.'s board of directors will consider a proposal next week to clarify the definition of deposits protected by the agency.
February 5 -
Rep. Maxine Waters, the top Democrat on the House banking panel, is asking Rep. Jeb Hensarling, the committee's chairman, to hold a hearing with regulators on the $8.5 billion mortgage servicer settlement announced last month that ended the troubled independent foreclosure review.
February 5 -
A recent court ruling has put CFPB Director Richard Cordrays job in jeopardy. But who should run the bureau if he has to step down?
February 5
PolicyGenius -
The Consumer Financial Protection Bureau is poised for a comprehensive look at the relationships between universities and banks, one that some say is likely to result in new disclosures for debit cards and restrictions on other practices.
February 5 -
The Fed said Tuesday that it terminated a written agreement with Progressive on Feb. 1. The agreement barred Progressive or its $136 million-asset ProGrowth Bank in Nicollet, Minn., from paying dividends or taking on new debt without approval.
February 5 -
The House Financial Services Committee held a dinner meeting Monday night at an Italian restaurant in Washington, D.C.
February 5 -
President Obama's choice to replace Timothy Geithner as Treasury Secretary is a lawyer and budget expert. He's also a former Citigroup banker who served as a longtime White House loyalist and is now making the Capitol Hill rounds to bolster his nomination. Yet for all that's known about Jack Lew's past, his views on banking policy remain something of a mystery. One key question is whether as Treasury Secretary he'd support the Financial Stability Oversight Council as vigorously as has his predecessor. In addition to FSOC, at issue are Lew's views on implementing the Dodd-Frank Act, the "Too Big to Fail" doctrine and the designation of non-banks as posing systemic financial risks.
February 5
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Observers are wondering how focused successor Jack Lew will be to the Financial Stability Oversight Council in comparison to recently departed Treasury Secretary Timothy Geithner.
February 5
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"Small banks received special attention - and critical relief - in the Dodd-Frank Act and proposals tied to Basel III. Both include new minimum capital ratios, but banking companies with less than $500 million of assets are exempt from those requirements," writes American Banker's Andy Peters.
February 5
