Regulation

Lawmakers debated draft legislation aimed at reducing duplicative or inconsistent bank regulations on Wednesday, though the bipartisan effort is already drawing some criticism from Democrats.

United Community Financial (UCFC) in Youngstown, Ohio, has been released from a memorandum of understanding with the Federal Deposit Insurance Corp. and state regulators.

Sen. Elizabeth Warren is urging big banks to voluntarily disclose their contributions to think tanks, arguing that donations could influence policymaking.

Across the 12 Federal Reserve districts, nearly half saw some signs of improvement.

The Consumer Financial Protection Bureau finalized a rule Tuesday that allows it to examine any nonbank servicer that handles more than one million student loan borrower accounts.

The National Fair Housing Alliance is accusing big banks of racial bias for neglecting homes they've foreclosed on in minority neighborhoods. Bankers deny the charges but are anxious to avoid a public fight with a nonprofit that's closely tied to the Department of Housing and Urban Development. American Banker staffers discuss.

Two Washington law firms that specialize in advising financial institutions have agreed to merge.

The founding CEO of Bank of Bird-in-Hand was told by regulators that his group's "thorough" vetting would be the norm going forward.

Ignoring the effects of loan seller origination, sourcing, and servicing processes in a post-GSE secondary market could generate losses for taxpayers.

With a goal of speeding up delivery of Near Field Communication-enabled handsets, China Mobile Limited has purchased EMV chip-card testing capabilities from Fime, as well as received a license to begin operating a new, fourth-generation wireless network.