Regulation

An interview last week with Federal Reserve Bank of Kansas City President Tom Hoenig yielded more than we could fit into our story on his plan to tighten up the federal safety net. Here's what else was on the regulator's mind.

After 38 years with the Fed, Tom Hoenig is convinced less complexity is the key to taming systemic risk.

Sixty-one small banks will receive a total of $608 million in the latest round of funding from the Small Business Lending Fund, the Treasury Department said Wednesday.

Simone Lagomarsino reflects on the divisive debate on whether credit unions should be allowed to raise capital. Backers view such a move as a necessity for struggling credit unions, while detractors worry that it could cost the industry its tax-exempt status.

Despite an increase in the number of cyber attacks, losses to financial institutions and their customers have fallen over the last 18 months.

Here is a common scenario. A bank executive develops a new product, maybe a fee-generation concept. Properly following procedure, he consults the compliance officer, who performs a check-the-box review and signs off — but raises a "fairness" concern because the product is controversial with regulators and consumer groups.

Consumer advocate and former White House advisor Elizabeth Warren will announce Wednesday that she is running for the U.S. Senate seat currently held by Scott Brown, R-Mass., the Huffington Post reported Tuesday, citing a source.

American Banker Washington Bureau Chief Rob Blackwell discusses the status of the landmark banking legislation.

The New Jersey Supreme Court lifted a foreclosure ban on Ally Financial Inc. on Monday, removing the last state barrier that had prohibited mortgage servicers from resuming foreclosures one year after their widespread "robo-signing" procedures came to light. The court allowed five other large banks to resume foreclosing on delinquent homeowners last month.

The Federal Reserve on Tuesday announced a written agreement with Pinnacle Bank Holding Co. in Orange City, Fla.