Law and regulation

The Federal Reserve Board released its final "horizontal review" on incentive compensation practices at the 25 largest, most complex banking institutions.

American Banker editors Rob Blackwell and Maria Aspan discuss one of Dodd-Frank's most controversial components.

The FDIC, one of five agencies implementing the proprietary-trading ban, will meet publicly Tuesday to discuss new regulation.

WASHINGTON–U.S. Rep. Brad Miller, D-N.C.., is introducing legislation designed to make it easier for customers to switch banks.

When the profits and losses of the debit card unit suffer as regulation clips revenues, the banks increase fees, discouraging debit card usage. Any pretense to customer focus goes out the window.

According to new market share data released by the Federal Deposit Insurance Corp. Tuesday, banks and thrifts with $10 billion or more of assets controlled 72% of the nation's bank deposits at June 30, up from 70% at the same time last year and 68.5% in 2008.

Bank of America Corp.'s plans to charge its customers for using debit cards will help boost the bank's credit card business, according to U.S. Sen. Dick Durbin, D-Ill.

In hinting that the consumer bureau should look at B of A's $5 debit card fee, Obama has solidified bankers' worst fears about the CFPB.

Consumer lending experts urged a Senate panel on Tuesday to confirm a director of the Consumer Financial Protection Bureau this week.

Fed chief tells congressional panel that banks have limited exposure to Greece and Portugal, but face other threats from sovereign debt problems.

Legislation introduced by Democratic Rep. Brad Miller would ban certain practices that he says make it difficult for some customers to change banks.

Capitalizing on consumer outrage over a $5 monthly debit card fee Bank of America Corp. plans to impose, U.S. Sen. Dick Durbin, D-Ill., is urging smaller banks to seize the “competitive opportunity” and go after unhappy BofA customers while suggesting the issuer would prefer its customers use credit cards instead.

Many bankers believe issues with classified loans are limiting them from making loans or pursuing acquisitions.

Federal Reserve governor Sarah Bloom Raskin on Tuesday pressed for changes in mortgage servicing agreements to encourage more workouts of troubled loans.

American Banker's Rob Blackwell explains why lenders may learn to love the agency's forthcoming mortgage disclosure rules.

The California AG's decision to withdraw from mortgage settlement talks has effectively killed a multi-state deal with the top five mortgage servicers over claims of robo-signing and other foreclosure issues.

An investigation by the Office of Inspector for the Federal Housing Finance Agency says the agency had information as early as 2009 about potentially abusive foreclosure practices, but did nothing to investigate them.

President Obama on Monday pointed to Bank of America Corp.'s decision to charge some of its customers a $5 monthly fee for debit-card purchases as an example of why the U.S. needs a strong consumer watchdog.

The Federal Reserve Bank of New York may ask foreign lenders for more detailed daily reports on liquidity as the U.S. steps up monitoring of risks from Europe's sovereign debt crisis, according to two people with knowledge of the matter.

While the effective demise of settlement talks between the state attorneys general and the top mortgage services has its downsides, it may ultimately turn out to be a good thing for banks.