Reform reading: Credit ratings hard to replace, overdraft fees criticized

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law. ...

Excerpts from this story referencing "bank":

"… 11 deadline for regulators to drop all references to credit ratings in how bank capital is assessed. But finding a suitable replacement isn’t easy.Some …"

"… me possible options: having regulators gauge the risk of assets, requiring banks to perform in-house assessments subject to oversight, or allowing firms t …"

"… 11 to fix various technical issues in the Dodd-Frank law.The Fed and other banking regulators in August issued a notice saying they were gathering informa …"

"… dvised and an over-reaction,” and would be especially costly for smaller banks that do not have advanced analytical resources.bank of America separately …"

Reform reading: Banks prepare for stress tests, possible rise in ATM fees

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law. ...

Excerpts from this story referencing "bank":

"… ouse to help develop new product ideas, Accenture says. …"

"… s that underwent “stress tests” two years ago? The Fed says those same banks must again demonstrate how well their balance sheets could withstand anot …"

"… ers. Also included in the stress-testing: how the Dodd-Frank law affects a bank’s risk profile and business strategy. Big banks must submit the new capi …"

"… Dodd-Frank law affects a bank’s risk profile and business strategy. Big banks must submit the new capital plans to the Fed by Jan. 7 as part of this ro …"

Reform Reading: FDIC gets tough, banks may get bigger dividends

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law....

Excerpts from this story referencing "bank":

"… s to skirt the new law. …"

"… that would seek to recover more than $2 billion from some 80 or so former bank execs, reports Scott Reckard of the Los Angeles Times. The agency, which i …"

"… ng or settling with former execs of about one-quarter of the more than 300 banks that have collapsed since the start of 2008.So far the FDIC has filed onl …"

"… r case against former Heritage Community bank insiders.Coming soon: Bigger bank dividends?The Fed will soon issue guidance allowing some banks to boost th …"

Advertisement

Reform Reading: Consumer agency eyes crowdsourcing to police industry

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law....

Excerpts from this story referencing "bank":

"… consumers could use camera phones to document the fine print included in a bank checking account statement and email it to the agency. “The power of enf …"

"… d there is no evidence he violated any ethics or disclosure rules.Wall St. banks disguise proprietary tradingOne of the biggest fights in writing the Dodd …"

"… ting the Dodd-Frank bill was over the so-called Volcker Rule, which limits banks’ risky proprietary trading for their own accounts. So why have banks go …"

"… its banks’ risky proprietary trading for their own accounts. So why have banks gone quiet about this since the bill became a law in July? Bloomberg colu …"

FDIC proposes big bank, brokerage liquidation procedure

By Julie Vorman

The Federal Deposit Insurance Corp. sketched out today a set of proposed regulations for liquidating in an orderly way any big banks, broker

Excerpts from this story referencing "bank":

"… ay a set of proposed regulations for liquidating in an orderly way any big banks, brokerage firms, insurors, or financial companies whose demise could rat …"

Bank regulators should have acted sooner on Advanta, watchdog says

By Julie Vorman

Federal and state banking regulators should have raised questions sooner about the risky credit card securitization business of Advanta Bank

Excerpts from this story referencing "bank":

"… y whose owners support various conservative causes (OIG). …"

"… business of Advanta bank Corp., which failed in March costing the federal bank insurance fund $459 million, a new watchdog report says.Utah-based Advanta …"

"… billion in assets when it collapsed, was created in 1991 as an industrial bank without any branches. Virtually all of its business was issuing credit car …"

"… did not have practices in place to manage “the risks associated with the bank being a monoline small business credit card bank, and engaging in signific …"

Advertisement

More transparency needed at export-import bank

By Julie Vorman

The U.S. Export-Import Bank, which helps finance the exports of American goods and services, should be faster and more transparent when revi

Excerpts from this story referencing "bank":

"… otential economic impact, the agency’s watchdog said in a new report.The bank provides direct loans, loan guarantees, and credit insurance to U.S. compa …"

"… d credit insurance to U.S. companies unable to obtain funding from private banks. Economic impact reviews — a lengthy process to determine if a loan wou …"

"… review the economic impact of a proposed loan, the watchdog said. And the bank’s final report should be made publicly available after redacting sensiti …"

"… ft accounted for $4.5 billion — or 62 percent — of $7.2 billion in the bank’s long-term guarantees, it said.Other new watchdog reports released by t …"

Daily financial reform roundup

By Julie Vorman

Daily news highlights for consumers following the U.S. financial reform law....

Excerpts from this story referencing "bank":

"… stimulus package, the GM/Chrysler bailout, healthcare reform, and the 2008 banking bailout. That means in the run-up to the November election, consumers c …"

"… o-called Basel III agreement reached by the richest countries will require banks to triple the amount of capital they hold as a cushion against loans, a s …"

"… ike the one that triggered the Dodd-Frank Act. Under the new Basel accord, banks must hold common equity — a type of capital — equaling at least 7 per …"

"… their assets by the end of 2018. Doesn’t sound like much? Well, some big banks currently hold as little as 2 percent of capital against their assets.The …"

U.S. energy, mining companies must disclose government payments

By Julie Vorman

U.S. energy companies will soon have to reveal how much they pay foreign governments for rights to produce crude oil, natural gas and minera

Excerpts from this story referencing "bank":

"… ording to the bill.The financial reform bill, which focuses mostly on U.S. banking regulation and consumer financial protection, gives the SEC nine months …"

In Webcast debut, Fed meeting to propose limiting bank debit card fees

By Jeremy Borden

The Federal Reserve Board takes a step into 21st century transparency this afternoon when it offers a first-ever webcast meeting, giving the

Excerpts from this story referencing "bank":

"… cast meeting, giving the public a peek into how the secretive U.S. central bank operates.But Fed-watchers hoping to see any heated discussions on monetary …"

"… to limit debit card fees – a multi-billion-dollar source of revenue for banks.The webcast comes just before Republican Ron Paul of Texas takes the gave …"

"… subcommittee overseeing the Fed. Paul is a longtime critic of the central bank and wrote a book whose title sums up his views: End the Fed.Opening the Fe …"

Pages