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The banking unit of FNB United in Asheboro, N.C., has been freed from a regulatory order and has completed its integration of the Bank of Granite.
June 10 -
The constant pillorying of banks can hardly inspire public confidence in them. Regulators should focus, instead, on peer comparisons and the encouragement of effective policies and procedures.
June 10
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In two closely watched cases, the Oregon Supreme Court has ruled that creditors using an electronic mortgage registry don't have to publicly record the ownership history of a trust deed to take advantage of the nonjudicial foreclosure process the state's legislature created in 1959.
June 10 -
After years of housing finance reform efforts languishing in Congress, a draft bill by Sens. Bob Corker, R-Tenn. and Mark Warner, D-Va., appears poised to become the catalyst for finally moving ahead on a way to overhaul Fannie Mae and Freddie Mac.
June 7 -
Sen. Elizabeth Warren, D-Mass., said the Federal Housing Finance Agency's objection to certain short sales designed to keep original borrowers in their homes is misguided.
June 7 -
Florida's attorney general has threatened to sue Bank of America for violating the national mortgage settlement.
June 7 -
A recap of the informed opinions (and the discussions they generated) on BankThink and AmericanBanker.com this week.
June 7 -
Raj Date, the former deputy director of the Consumer Financial Protection Bureau, plans to work with banks to create cheaper short-term loans for cash-strapped customers, despite mounting regulatory scrutiny of the products.
June 7
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Rising rates can expose lurking dangers across the industry.
June 7
Ludwig Advisors -
Two operators of Liberty Reserve SA pleaded not guilty to U.S. charges that they helped run the largest money-laundering scheme in history.
June 7 -
The Federal Deposit Insurance Corp. exercised its powers to appoint itself the receiver to circumvent a judge's ruling that barred Nevada regulators from closing a tiny bank belonging to Capitol Bancorp.
June 6 -
A draft of the bill from Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va., has begun circulating on Capitol Hill. The legislation would set up a new housing finance system and calls for the dissolution of Fannie Mae and Freddie Mac.
June 6 -
Banks are behind many of the faulty or nonexistent records that lead collections companies to erroneously demand debt repayments. That was a key message from regulators, consumer advocates and collections insiders at a Thursday panel.
June 6 -
The Consumer Financial Protection Bureau released exam guidelines on how the bureau plans to enforce the recently released mortgage rules.
June 6 -
Regulators said Thursday they have formed a working group to enhance coordination between federal and state banking agencies on cybersecurity.
June 6 -
The Federal Deposit Insurance Corp. said implementation of rules for assessing banks' security portfolios without using external credit ratings will likely demand a "learning curve."
June 6 -
Federal Reserve Board Gov. Sarah Bloom Raskin on Thursday said regulators should move quickly to implement a robust set of capital and liquidity rules to avoid further uncertainty and costs for community banks.
June 6 -
The consumer agency has listened to agency concerns and issued reasonable, measured rules, but it still faces charges that it's unaccountable and out of control.
June 6 -
Three years ago, Visa executives told investors that one of their goals was to enter new businesses, but Visa CEO Charlie Scharf, who joined the company in October, says that is no longer the case.
June 6
