Regulation

Regulators have lifted an informal agreement with the banking unit of MainSource Financial Group (MSFG) in Greensburg, Ind.

Wells Fargo made repeated promises in the past six months to turn over documents and emails to the Securities and Exchange Commission but repeatedly failed to do so, according to a complaint filed in federal court on Friday.

WASHINGTON — Banking regulators said Monday they are looking for feedback on proposed changes to guidance issued in 2001 on leveraged finance.

The 2009 Card Act required lenders to "consider" customers' "ability to pay" before granting credit on cards.

Unobtrusive until now, a set of unrelated security requirements is about to become pretty unpopular, and costly.

Wells Fargo is trying a new twist on long-controversial down-payment assistance programs, which give money to prospective borrowers who otherwise could not afford to buy homes.

The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency are giving banks more time to comment on proposed stress-testing requirements for depository institutions.

Audit committees must follow rules already on the books that charge them with hiring and firing auditors. That includes booting an auditor that allows executives to put banks at risk of failure for their own enrichment.

In its first-ever auction of preferred stock acquired through TARP, Treasury is seeking to sell stakes in Banner Corp. (BANR) of Walla Walla, Wash., First Financial Holdings (FFCH) of Charleston, S.C.; MainSource Financial (MSFG) of Greensburg, Ind.; Seacoast Banking (SBCF) of Stuart, Fla.; Wilshire Bancorp (WIBC) of Los Angeles; and WSFS Financial (WSFS) of Wilmington, Del.

Behind closed doors they live in a constant state of fear, ducking calls from bank and servicing representatives, opening certified letters with shaking hands.