American Bankers Association News
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Ex-quarterback Jim McMahon helped drive the Chicago Bears to a Super Bowl victory in 1986. Two decades later, U.S. regulators say, he helped drive Chicago’s Broadway Bank to failure.
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Business lobbyists and Republican lawmakers who failed to stop the Dodd-Frank Act from becoming law have managed to put the brakes on many of its provisions a second way: cost-benefit analysis.
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The Internal Revenue Service is delaying a requirement that brokers report their customers’ cost basis in options and debt instruments.
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U.S. banks saw increased demand for lending in the first quarter and made loans easier to get, according to a Federal Reserve survey.
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Richard Cordray wants lenders to adhere to the most basic tenet of banking: making sure borrowers can repay. Getting them to agree on how is proving tougher.
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Chief executive officers of the largest U.S. banks, including JPMorgan Chase & Co., will meet with Federal Reserve Governor Daniel Tarullo to discuss the Fed’s stress tests and a proposal to limit credit exposure, according to four people familiar with the meeting.
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The largest U.S. banks, including JPMorgan Chase & Co. and Goldman Sachs Group Inc., told the Federal Reserve that a limit on their credit exposure is unnecessary and “fundamentally flawed.”
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The Federal Deposit Insurance Corp. fund guaranteeing customer deposits in U.S. banks is rebuilding at a faster pace as bank failures slow from their 2010 peak, the agency said in a report today.
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Deja vu it ain’t.
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A U.S. House panel will consider a repeal of the power established by the Dodd-Frank Act to seize and wind-down systemically risky financial firms.
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