Regulation

Banks are unsure if deposit contracts with broker-dealers that have longer-term rate and contract maturities will be treated as such under Basel III.

The National Association of Federal Credit Unions is asking the Independent Community Bankers of America to "immediately cease and desist" use of the credit union trade group's name in reference to support of a controversial bill to extend a crisis-era account guarantee program.

A pending proposal by the Federal Reserve Board to overhaul the way U.S. regulators supervise foreign bank operations is raising questions and sparking concern among industry players who fear it may go too far.

Housing advocates say there is a gap between the relief borrowers are seeing on the ground and what the five largest servicers agreed to do as part of the $25 billion settlement signed in February.

The "living will" process gives financial institutions the opportunity to, among other things, frame policy, improve operational efficiencies and educate the market, business units and regulators.

The Consumer Financial Protection Bureau and the Department of Justice have signed a memorandum of understanding to collaborate on enforcing fair lending laws. Because both agencies have authority to protect against discriminatory lending, this agreement will help to avoid duplicating efforts.

FirstSouth Bancorp in Lexington, Tenn., has repaid the $50 million it had received from the Treasury Department under the Troubled Asset Relief Program.

The Federal Reserve Board has terminated enforcement actions against Anadarko Bank & Trust in Oklahoma and Hanmi Financial in Los Angeles.

Fees charged on homebuyers are meant to cover risk and protect taxpayers from losses, not pay for unrelated government programs.

WASHINGTON — The Consumer Financial Protection Bureau and the Department of Justice agreed Thursday to collaborate on enforcing fair lending laws to avoid duplicating efforts.