Policy & Regulation

The Alabama lender says it intends to lower fees and relax repayment terms in response to customer feedback, not criticism from consumer groups.

The House Ethics Committee will on Friday hold a public meeting on Rep. Maxine Waters, who is under investigation for allegedly helping a Boston-based bank get bailout money during the crisis.

The Federal Reserve Board has terminated written agreements with Capital Community Bancorp. in Provo, Utah, and Coconut Grove Bank in Miami.

Personal motivations aside, many felt the hire made sense for the Financial Services Roundtable since it fortifies the trade group's relationship with Congress. What impact do you think Pawlenty is likely to have on banking policy?

Tim Pawlenty is hardly the first prominent politician to turn into a bank lobbyist. Indeed, there's a long line of them.

WASHINGTON — Comptroller of the Currency Tom Curry defended the use of on-site examiners as part of the agency's supervision program in a speech to the Financial Services Roundtable on Thursday.

Richard Cordray, the director of the Consumer Financial Protection Bureau Director, suggested that lenders should not be overly concerned about potential legal liability for making so-called "qualified mortgages."

Former Minnesota Gov. Tim Pawlenty, the incoming head of the Financial Services Roundtable and outgoing co-chair of the Romney campaign says the Dodd-Frank Act needs "refining." He also says banks should "stop doing stupid things."

CEO John Stumpf offered candid views on monetary policy, the housing crisis, capital rules and even consumer protection during a panel discussion late Wednesday.

Several merchant groups are asking members of Congress to hear their opposition to the swipe-fee settlement announced in July.