Law and regulation

The New Jersey company, which had a disappointing third quarter, also entered into a written agreement with the OCC recently. The regulatory order will likely delay plans for the mutual holding company to pursue a second-step conversion, leading some analysts to peg Roma as a good acquisition target.

What do the next four years of an Obama administration hold for the Dodd-Frank Act? There may be less talk of repeal and rollbacks, but some Democrats in Congress are pushing the agencies implementing the law to heed industry suggestions.

A number of critical races for the banking industry have been decided, though votes are still being tallied in some election contests across the country. Democrats will maintain control in the Senate, while Republicans keep the majority in the House.We offer the results of ten tight races in the Senate and House that American Banker highlighted earlier this month as critical to the industry.

The Senate Banking Committee will hold a hearing on the Basel III proposal on Nov. 14, according to a Senate aide.

Central Pacific said in a regulatory filing Tuesday that the Federal Deposit Insurance Corp. had lifted a memorandum of understanding that obligated the $4.3 billion-asset company’s bank to maintain adequate capital, improve asset quality, provide sufficiently for loan losses and reduce classified assets.

The current argument for new MMF "remedies" seems implicitly to be based on the assumption that runs cannot be anticipated and on the notion that the run that followed Reserve's action sprung unexpectedly and without warning from the Lehman filing.

C1 Bank's purchase of U.S. Century Bank in Florida is reportedly being delayed because of difficulty navigating the seller's exit from the Troubled Asset Relief Program.

Success of the CFPB/FHFA Mortgage database will depend on how regulators handle four areas: Collaboration, scope, privacy and the regulatory burden, writes columnist Clifford Rossi.

Despite President Obama's victory Tuesday, the Democrats' financial policy agenda over the next two years will be far more about defending their past achievements than scoring new ones.

Elizabeth Warren, the CFPB architect and frequent bank critic, was elected late Tuesday to the Senate, much to the dismay of the financial services industry.

The Federal Reserve Board has ended a written agreement with Boscobel Bancorp that required the Wisconsin company to serve as a source of strength for its Community First Bank.

Complex rules can be bent to special interests, and invite gaming and unfairness. An example is the exclusion of credit cards that don't impose "finance charges" from a great many requirements.

If the House goes to the Republicans, Rep. Jeb Hensarling of Texas will most likely be the next head of the Financial Services Commmittee. A Dodd-Frank revamp and GSE reform will be his twin causes, predict observers.

Although the Federal Deposit Insurance Corp.'s yearlong study of challenges and opportunities for community banks is expected to yield a final report next month, the agency will release an update on some of its findings this week.

Regulators are expected to miss a global deadline to finalize Basel III capital and liquidity requirements by yearend.

Success will depend on how regulators handle four areas: Collaboration, scope, privacy and the regulatory burden.

Citigroup Inc., the third-biggest bank by assets, received requests for information from the Monetary Authority of Singapore related to probes into the rigging of key benchmarks used to set loan rates.

With a community-based state charter, Veridian Credit Union isn’t supposed to have members outside its market in Iowa. And yet the credit union has been handling funds nationwide for the alternative payment company Dwolla since 2009.

What happens when the government’s investors start demanding a normal rate of interest? House prices could plummet, mortgage defaults could soar and the added interest costs could cause the federal deficit to spiral out of control.

Some collection agencies in Canada said Monday they are not happy that legislative reform has grouped them in with unscrupulous out-of-province debt-reduction companies.