Policy & Regulation

An executive from a Missouri bank has been elected as chairman of the Federal Home Loan Bank of Des Moines.

Covenant Bank in Chicago could fail if it does not raise fresh capital soon.

WASHINGTON — The Consumer Financial Protection Bureau on Friday slightly raised the asset threshold for banks that are required to collect certain mortgage disclosure data, increasing it by $1 million to $42 million.

Small banks continue to pull in significant revenue from interchange fees on debit cards despite fears a new rule directed at larger institutions could have hurt them too, according to a report issued this week by the Federal Trade Commission.

"Deposit fee" is one of the more popular terms being used in new naming conventions, while some banks are scrapping their fees altogether.

A House panel ended a probe of alleged preferential lending by Countrywide Financial to lawmakers and aides without taking action, saying the "serious matters" submitted for review fall outside its jurisdiction.

The Franklin County (Wash.) Clerk's Office has surpassed $1 million in collections for one year for the first time, a decade after it decided to chase convicted criminals for fines and court costs.

The Office of the Comptroller of the Currency has named Gateway Bank CEO Jeffrey Cheung to a minority advisory committee, and he spilled the beans a little early

Successful banks are, among other things, focusing on education and employee training courses, establishing a formal enterprise risk management department and tying compensation to clearly defined best practices.

California, by holding out for a $12 billion side deal with Chase, Wells and B of A, secured a far larger share of the settlement than fairness would seem to dictate.