Regulation

Nancy Graves, who until last week served as assistant director of New Jersey's Department of Banking and Insurance, has joined Pascack Bancorp (PSBR) in Waldwick as president and chief executive.

New York's Department of Financial Services has reached a deal with several small specialty insurance carriers, triggering a statewide ban on force-placed insurance payments to banks.

Members of the House Financial Services Committee are pressing the Consumer Financial Protection Bureau for details about its investigation into discriminatory auto lending.

Among other problems, Goldman never mentions that one big reason it survived and thrived is that the bailout of AIG enabled it to repay Goldman and other counterparties at par.

"Digital currencies are exciting because of the innovation," but "being a financial institution comes with certain responsibilities," says Fincen Director Jennifer Shasky Calvery in a Q&A.

The Libor scandal ensnared a number of big banks and has heightened concerns that other indices are vulnerable to similar manipulation. That has led regulators to caution against such activity and indicates financial institutions would do well to ensure their risk management and compliance staffs are on high alert.

The Federal Reserve Board has taken action against two banks and terminated orders with four others, and the Federal Deposit Insurance Corp has freed Synovus Financial from an order.

The Federal Reserve Board has terminated an enforcement action with CIT Group.

The Treasury Department and U.S. Department of Housing and Urban Development jointly agreed to allow the Making Home Affordable Program to continue to be available to American families for an additional two years through Dec. 31, 2015.

Southwest Bancorp in Stillwater, Okla., and Bank of Kentucky in Crestview Hills have completed exits from the Troubled Asset Relief Program.