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The settlement has been a good deal for Bank of America, which is obligated to donate only $100 million to the outside nonprofit groups: $20 million to housing groups, $30 million to legal aid groups and $50 million to public or private community development funds. (AP Photo/Chuck Burton, File)
News

Justice Dept. approved diverting funds in Bank of America settlement

Sean Higgins -
0
Lobbyists are gearing up to contest a provision in a House Financial Services Committee legislative package that would repeal a cap on debit transaction fees put in place by the 2010 Dodd-Frank financial reform law. (AP Photo/LM Otero, File)
Economy

Measure added to bill repealing Dodd-Frank threatens replay of epic lobbying battle

Joseph Lawler -
0
The Obama administration is refusing to say which country helped it carry out a $1.3 billion payment to Iran to settle a long-standing legal dispute and ensure that American prisoners held by Iran were released. (AP Photo/Susan Walsh)
National Security

White House won’t out country that facilitated Iran payment

Nicole Duran -
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The nation's top banking industry group warned the White House that President Obama's Wall Street reform law has led to the destruction of community banks around the country. (AP Photo/Richard Drew)
Economy

Industry warns Obama: Dodd-Frank destroying community banks

Joseph Lawler -
0
The Federal Reserve's plans for subjecting U.S. megabanks to special new capital requirements would be toughest on JPMorgan Chase, which would face the largest additional required capital. (AP Photo/Seth Wenig, File)
Economy

Lawmakers press Fed on plans for new rules on megabanks

Joseph Lawler -
0
Economy

Trump expresses support for looser mortgage rules

Joseph Lawler -
0
Community banks complain that they have had to hire more compliance officers than loan officers. (AP Photo/Mark Schiefelbein)
Economy

Bankers push back on White House defense of Dodd-Frank

Joseph Lawler -
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In a 13-page analaysis released Wednesday, Obama's Council of Economic Advisers concluded that
Economy

White House rejects one of the key arguments for changing Dodd-Frank

Joseph Lawler -
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Industry says rules could raise compliance costs and threaten businesses, especially small businesses. (iStock Photo)
Economy

Debt collectors worry about new reg from consumer bureau

Joseph Lawler -
0
The homeownership rate fell from 63.5 percent in the first quarter to 62.9 percent in the second, tied for the lowest level since early 1965, when records were first kept. (AP Photo)
Economy

Homeownership rate falls to lowest on record

Joseph Lawler -
0
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