BankThink

Receiving Wide Coverage ...

Enforcement-Palooza: JPMorgan Chase may not be the only bank facing impending enforcement action. In an interview with the Wall Street Journal, U.S. Attorney General Eric Holder promised more cases — or "a series of significant matters" — related to the economic meltdown are on the way. Holder also dropped this sound bite during the interview (when asked, incidentally, about JPM): "No individual, no company is above the law. We don't investigate companies...

The meaning of the term "underbanked" has evolved considerably over the last 30 years, and its definition today makes little sense.

Receiving Wide Coverage ... JPM Déjà vu: JPMorgan Chase is having a hard time getting through the day without news of a probe surfacing. Following reports that the Securities and Exchange Commission was investigating whether the bank routinely hired the children of well-connected families in China, anony-mice told the Journal and, later, the FT that the Justice Department is now looking into whether JPM manipulated U.S. energy markets. Scan readers will recall that the bank agreed…

Receiving Wide Coverage ... JPM's Woes Grow … Again: The hits just keep on coming over at JPMorgan Chase. The nation's biggest bank disclosed in a regulatory filing that the Securities and Exchange Commission is investigating its hiring practices in China. "Authorities suspect that JPMorgan routinely hired young associates who hailed from well-connected Chinese families that ultimately offered the bank business," explains the Times, which first reported on the filing. The bank told several news outlets…

Nowhere has the piecemeal approach to post-crisis regulation been more apparent than with the CFPB's Qualified Mortgage rules and its aggressive stance on the fair lending doctrine of disparate impact.