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The National Credit Union Administration has sued a JPMorgan Chase (JPM) unit claiming Bear Stearns & Co., which it acquired in 2008, used misleading documents in selling $3.6 billion in mortgage-backed securities to four corporate credit unions that later failed.
December 17 -
The Consumer Financial Protection Bureau released a guide Monday to how its examiners will review any private student lender to ensure compliance with applicable consumer financial laws.
December 17 -
With just two weeks before the end of the year, there is a lot going on in Washington. Rather than tell you all the stories happening, we thought we would boil it down to the essential stories from D.C. last week. If you haven't read these, you're missing out.
December 17 -
Federal Reserve Board Gov. Jeremy Stein on Monday underscored the need to reform the way the U.S. central bank regulates foreign banking firms that rely heavily on short-term funding.
December 17 -
Some struggling homeowners left out of current mortgage-aid programs because their loans have been packaged into private securities could see their interest rates cut through a subsidy being considered by the Treasury Department.
December 17 -
Some are in new roles, some taking their banks in new directions and others most definitely on the hot seat. All eyes will be on these chief executives in the year ahead.
December 16 -
Michael Perry will pay the FDIC $1 million in cash from his personal funds, while the FDIC can seek the rest from Perry's professional liability insurers.
December 14 -
WASHINGTON — Community Bank of the Ozarks in Sunrise Beach, Mo., became the nation’s 51st failed bank of the year late Friday after it was closed by state regulators.
December 14 -
Deposits in accounts temporarily protected by unlimited insurance represented more than 10% of assets at more than 900 banks at Sept. 30
December 14 -
After spending nearly a year deliberating on an approach, the Federal Reserve Board on Friday released a proposal that will overhaul the way regulators will supervise foreign banks that operate in the United States, a significant shift from its longstanding case-by-case method.
December 14






