Policy & Regulation

Standard Chartered Bank has finalized a $340 million settlement with New York's top banking regulator to settle charges the bank laundered hundreds of billions of dollars for banks and others in Iran.

Members of Technology Credit Union rejected management's plan to convert to a mutual thrift. The vote has led to renewed criticism about the National Credit Union Administration's role in conversion votes.

Ohio regulators sued Sylvania, Ohio-based Collection & Recovery Bureau for allegedly using collection tactics banned by federal law.

Will lenders get a safe harbor against borrower lawsuits about underwriting in the "qualified mortgage" rule? Or will the CFPB opt for a "rebuttable presumption"? The agency's director says the differences between the two are "in some ways overstated." Either way he promises some bright lines to "minimize litigation risk."

The House Ethics Committee indicated that it will find the California Democrat did not violate any ethics or House rules at a hearing Friday, though her grandson and chief of staff could receive a letter of reproval.

Trading revenues at commercial banks fell 73% in the second quarter from a year earlier, due in part to a $2 billion loss by Jamie Dimon's JPMorgan Chase.

The National Credit Union Administration has announced that Gigi Hyland is resigning from its three-member board on Oct. 5.

If TAG is senselessly allowed to expire, many depositors may sever their relationships with the smaller banks in their communities and opt to place their money under the "protection" of the Too Big to Fail institutions.

The company paid roughly $939,000 to repurchase a warrant that would have allowed the Treasury Department to buy about 543,300 shares of BNC's common stock at $8.63 per share, BNC said in a regulatory filing Thursday.

Big banks hire a former governor (Pawlenty) as their top lobbyist. An FDIC official (Hoenig) slams their behavior. And the FHFA proposes linking GSE fees to foreclosure costs.