Law and regulation

In a legal filing, the OCC made its argument that regulators acted appropriately when they closed the Denver thrift in early 2010.

Senate testimony by CFTC Chairman Gary Gensler is expected to shed light on the split between regulators over the Volcker Rule.

The facts in the JPMorgan Chase (JPM) "London Whale" case are still being sorted out, but that hasn't stopped analysts — myself included — from pondering its policy impact. Much of what the bank's CEO, Jamie Dimon, calls punditry has focused on whether the $2 billion-plus loss proves points on the Volcker Rule, TBTF, CEO compensation and, perhaps, nicknames.

The FDIC has been in talks with the Bank of England since before Dodd-Frank about coordinating resolution regimes. But the 'London Whale' episode further highlights just how much risk is shared by the two transatlantic partners.

Banks are doing what they can to avoid depressing home prices, by focusing on reducing foreclosures rather than flooding the market with their backlog of properties.

A government watchdog is recommending the Consumer Financial Protection Bureau implement several additional internal controls to avoid misappropriation of assets or inaccurate financial statements.

Independent sales organizations can present themselves as consultants by specializing in offering card-acceptance services to just one or two types of clients and really getting to know those businesses.

WASHINGTON — President Barack Obama used his weekly radio address to once again defend the Dodd-Frank Act in light of JPMorgan Chase's $2 billion-plus loss, which he said illustrates the need for reforms.

Credit unions must adjust soon to the impact of mobile payments, which can disrupt their revenue from traditional payment systems like credit and debit cards.

JPMorgan Chase's Jamie Dimon said Monday that the bank will suspend its planned stock repurchases after the $2 billion loss in its trading activities. Dimon said he wants to ensure the bank stays on the "glidepath" to compliance with proposed Basel III requirements.

The Arkansas Supreme Court last week overturned a judgment the state's Attorney General Dustin McDaniel won against debt collector Jack H. Boyajian.

WAUSAU, Wis. — NCUA this evening liquidated Wausau Postal Employees CU and assigned the remnants of the one-time $10 million credit union to nearby giant CoVantage CU.

The Office of the Comptroller of the Currency closed Alabama Trust Bank in Sylacauga on Friday, making it Alabama’s first bank failure in more than a year.

The fallout of JPMorgan Chase & Co.'s $2 billion trading loss has reignited old worries of just how close Wall Street is to one of its top regulators, the Federal Reserve Bank of New York. Politicians and consumer activists have called for Jamie Dimon, JPMorgan's chairman and chief executive, to resign from his position as a board director at the New York Fed.

A $2.3 billion loan temporarily pushed Emigrant's total assets over $15 billion. Because it was briefly above that threshold, the bank will be subject to a provision of the Dodd-Frank Act that prevents banks from counting trust preferred securities as part of their Tier 1 capital. Emigrant is asking Congress for an exemption.

Thomas Noto, a former associate general counsel and compliance expert at Bank of America, has joined Morrison & Foerster.

Rep. Scott Garrett is willing to defend the Securities and Exchange Commission once in a while, but he has his limits.

The upcoming congressional hearings on the trading losses at JPMorgan Chase could prove awkward for a group of lawmakers who own a piece of the bank.

Now that a proposal to give credit unions more business lending power has been tabled, banks and credit unions have resumed their long-running battle over taxes.

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.