Regulation

Finally, senior policymakers are focusing on negative equity. But the answer to the problem is to change borrowers' incentives, not to abrogate contract and property rights.

"Democratic Sen. Jon Tester, a member of the Senate Banking Committee, is locked in a tight reelection race against Republican Rep. Denny Rehberg," writes American Banker’s Kevin Wack.

Arkansas Attorney General Dustin McDaniel filed a lawsuit Tuesday alleging that National Credit Adjusters has illegally sought to collect on payday loan debts in the state.

Comptroller of the Currency Thomas Curry is trying to create a tougher, more ethical agency, he testified Tuesday on Capitol Hill.

Compliance chiefs at other banks should roll video of a Senate panel's grilling of HSBC executives about anti-money-laundering failures when they want to demonstrate the consequences of mismanaging risk.

The Florida bank is eager to add loans after raising $5 million to surpass capital requirements from a 2011 consent order. It did so at a time when capital raising is on the decline.

WASHINGTON — The Office of Comptroller of the Currency on Tuesday announced the appointment of Donna Deale as deputy comptroller for thrift supervision.

Federal Reserve Board Chairman Ben Bernanke rose to the defense of the New York Fed over its handling of reports as far back as four years ago that Barclays traders had been manipulating the London interbank offered rate.

In his first speech since agreeing to oversee the $25 billion agreement, Joseph Smith said that he can't police new servicing standards without help from borrowers and their representatives.

An anonymous letter sent to some shareholders of PrepaYd Inc. appears to have ties to a California Department of Corporations subpoena the prepaid card company received a year ago. And it has the company's CEO fuming.