Policy & Regulation

Bank regulators have lifted a memorandum of understanding against Timberland Bank nearly three years after the bank was hit with the enforcement action.

The Consumer Financial Protection Bureau issued a proposal which would allow banks to test different disclosure programs on consumers. The testing would make disclosures more succinct and cost-effective.

Majority Leader Harry Reid's proposed two-year extension of the Transaction Account Guarantee has been put to a stop.

Comedian Stephen Colbert singled out Jamie Dimon and his bank as "the dopest financial services institution around" for its support of a concert benefiting Hurricane Sandy victims.

In an appearance on former New York Gov. Eliot Spitzer's TV show, Rolling Stone columnist Matt Taibbi and his host were outraged that HSBC did not face criminal prosecution after the government said it allegedly helped drug dealers and terrorists launder money.

Jeffersonville Bancorp (JFBC) is set to become the latest New York company to exchange the federal charter of its bank for oversight by a state regulator.

The holding company for AmericanWest Bank in Spokane, Wash., has agreed to repay what PremierWest Bancorp (PRWT) owes the Troubled Asset Relief Program before the banks merge.

QBE's concession, made amid scrutiny of its relationship with major banks, would save investors and homeowners in the state $98 million a year. Part of that money would come from reducing the commissions it pays to banks.

A U.S. district court has temporarily halted a debt relief operation that allegedly charged consumers hundreds of dollars based on claims that it could obtain rates as low as zero percent.

The Transaction Account Guarantee program ran into trouble, a columnist warned of innovation's risk to banks and JPM's Jamie Dimon took to the spotlight.