Regulation

Central Pacific said in a regulatory filing Tuesday that the Federal Deposit Insurance Corp. had lifted a memorandum of understanding that obligated the $4.3 billion-asset company’s bank to maintain adequate capital, improve asset quality, provide sufficiently for loan losses and reduce classified assets.

The current argument for new MMF "remedies" seems implicitly to be based on the assumption that runs cannot be anticipated and on the notion that the run that followed Reserve's action sprung unexpectedly and without warning from the Lehman filing.

C1 Bank's purchase of U.S. Century Bank in Florida is reportedly being delayed because of difficulty navigating the seller's exit from the Troubled Asset Relief Program.

Success of the CFPB/FHFA Mortgage database will depend on how regulators handle four areas: Collaboration, scope, privacy and the regulatory burden, writes columnist Clifford Rossi.

Despite President Obama's victory Tuesday, the Democrats' financial policy agenda over the next two years will be far more about defending their past achievements than scoring new ones.

Elizabeth Warren, the CFPB architect and frequent bank critic, was elected late Tuesday to the Senate, much to the dismay of the financial services industry.

The Federal Reserve Board has ended a written agreement with Boscobel Bancorp that required the Wisconsin company to serve as a source of strength for its Community First Bank.

Complex rules can be bent to special interests, and invite gaming and unfairness. An example is the exclusion of credit cards that don't impose "finance charges" from a great many requirements.

If the House goes to the Republicans, Rep. Jeb Hensarling of Texas will most likely be the next head of the Financial Services Commmittee. A Dodd-Frank revamp and GSE reform will be his twin causes, predict observers.

Although the Federal Deposit Insurance Corp.'s yearlong study of challenges and opportunities for community banks is expected to yield a final report next month, the agency will release an update on some of its findings this week.