Regulation

First Midwest Bancorp Inc. in Itasca, Ill., has completed the sale of $115 million in senior notes and will use the proceeds to exit the Troubled Asset Relief Program.

South Korea’s antitrust watchdog reportedly has launched a probe into whether banks and card networks manipulated the service fees they charge their customers, local newspaper the Korea Herald reported Nov. 20.

The Office of the Comptroller of the Currency released new details Tuesday about the progress servicers are making in fixing problems with their foreclosure practices. The actions are required under consent orders regulators signed with the 14 largest mortgage servicers in April.

The banking industry earned $35.3 billion in the third quarter, a nearly 50% increase from the same point last year and the highest level for profits since the second quarter of 2007, according to a report released Tuesday by the Federal Deposit Insurance Corp.

Bank of America Corp.'s board has been told the company could face a public enforcement action if regulators aren't satisfied with recent steps taken to strengthen the bank, said people familiar with the situation.

Consumer groups applaud agency's decision to allow more time for comment on Cap One's deal for the credit card portfolio of HSBC.

There was a hard lesson learned by many in the Occupy movement last week. When you push the so-called "establishment," they push back… with a vengeance. It was an "Iron Heel," response, with billy clubs in the ribs, pepper spray in the face and a general disregard of the right to peacefully protest.

Heightened regulation is forcing more bank buyers to overhaul their entire computer platform as regulators zero in on a greater need for compliance.

A new Nevada law has gummed up the works of banks seeking to process foreclosures in the state, causing Bank of America and other major players to all but halt new foreclosure starts.

Skip Humphrey, the head of the CFPB's Office for Older Americans talks about elder financial abuse, coordinating protections for seniors, being an older American himself and what banks can do to reach out to older customers.