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Planned price increases and hints that households are looking for higher yields for their savings suggest that the flood tide of deposits could finally be ebbing.
July 15 -
A uniform mortgage-backed-security product, more risk sharing and help for small banks are some of the housing-finance fixes that the Mortgage Bankers Association urges regulators to make now.
July 15 -
The Consumer Financial Protection Bureau named a new chief operating officer and chief of staff, among other appointments, following a string of recent departures in its senior level suite.
July 15 -
Other countries are discussing implementing capital reforms that go beyond Basel III after the U.S. proposed a leverage ratio higher than the international accord, Federal Reserve Board Gov. Daniel Tarullo said Monday.
July 15 -
A bipartisan commission, in lieu of a director, would encourage internal deliberation and constrain the CFPBs ability to make politically motivated or ill-informed decisions.
July 15
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The law firm BuckleySandler has beefed up its financial services practice with the addition of three heavy-hitting litigators all lured away from Dykema Gossett PLLC.
July 15 -
Barclays is in an awkward situation that will ring familiar to bankers in the U.S. The U.K. bank has been terminating relationships with money transmitters, including several that wire funds to Somalia, a ravaged country that relies heavily on remittances from immigrants in the West. The bank says it's uncomfortable with the risk and expense of serving these businesses in light of recent fines levied against big financial institutions for anti-money laundering lapses. But now it's being accused of starting a humanitarian crisis.
July 15 -
The Senate Banking Committee's Republican chief counsel and deputy staff director, Andrew Olmem, joined the law firm Venable as a partner.
July 15
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The Consumer Financial Protection Bureau is approaching supervision of debt collectors much like it did with mortgage servicers and auto lenders earlier this year, saying it plans to hold banks responsible for third-party actions.
July 14 -
JPMorgan Chase's leaders on Friday rebuffed questions about the widespread problems in their credit card debt collections operations and about what they are doing to fix them.
July 12






