Regulation

Sometimes even being upfront about market conditions can land a company in potential hot water.

The Consumer Financial Protection Bureau has taken its first civil action, suing and effectively stopping business at a Los Angeles law firm that charged homeowners for loan modifications that allegedly never happened.

The financial industry spoke out Wednesday as progress on the measure sponsored by Sen. Joseph Lieberman has stalled in the Senate.

Shouldn't we want to preserve the benefits of being big, global and diversified if society can manage these banks' risk exposures and support their stabilizing effects on economic order?

Join the editors of American Banker and the industry's most influential policymakers, lawmakers and executives to discuss the issues that remain at the forefront of the regulatory landscape: CFPB, Volcker Rule, TAG, fair lending enforcement, Basel III and the impact the elections will have on financial institutions.

PLYMOUTH, Minn. — NCUA announced this morning it has awarded the remnants of AM Community CU, a failed $135 million Kenosha, Wis., credit union, to TruStone Financial FCU under a purchase and assumption agreement.

Tools provided by Dodd-Frank to ensure stronger oversight and restrictions over the largest banks are a more effective way to end bailouts than just limiting banks' size.

While I'm sure some community bankers applauded Sandy Weill's recent call to break up our nation's largest banks, I, for one, did not.

The Small Business Lending Enhancement Act would let credit unions help small businesses and our economy without costing taxpayers a dime. Whether lifting the cap creates one job or 1,000, it would be a success.

Two measures that the banking industry is hoping to see pass in the Senate are being stymied by Republican Sen. Jim DeMint. His hold on the bill that combines the two measures is "an effort to force a symbolic vote on repealing" on Dodd-Frank, writes American Banker's Kevin Wack.