Law and regulation

Skip Hove, former FDIC acting chairman and Nebraska banker, dies at 84


Hove, who spent 11 years on the Federal Deposit Insurance Corp. board, was the agency's acting chairman three different times during the 1990s. He held several jobs in banking, including chairman and CEO of Minden Exchange Bank & Trust, which had been led by his father.


SBA blamed for flagging small-business investment program


Lawmakers and others faulted the agency's foot-dragging on approving licenses and funding requests for small-business investment companies, whose owners include banks.


LendingClub eyes 3Q profit, looks to reopen credit spigot


The San Francisco company forecast a modest profit in the third quarter because its cost-cutting plans are ahead of schedule. It's also starting a program to sell riskier loans to sophisticated investors.


Senate clash over SBA unit's powers puts agency's budget in doubt


A fight between Democrats and Republicans over a proposal to let the SBA’s Office of Advocacy challenge rulings made by other government agencies is threatening to hold up funding for small-business loan guarantees.


Ex-N.Y. regulator Maria Vullo on fintech fight, Facebook's crypto plan


The former state banking superintendent weighs in on some of the toughest questions bank regulators are grappling with and the lawsuit (still ongoing) that she filed against the OCC.


What the big banks left out when they slammed Fed over real-time payments


The CEO of a big-bank lobbying group recently said that the central bank may be on the verge of pulling a bait and switch on faster payments. But his comments glossed over a lot of the relevant history.


Fed must remain lead player in real-time payments


If the Federal Reserve doesn't maintain an active role, Wall Street megabanks could take over the payments system.


Eagle back in damage-control mode amid ethics investigations


The Maryland bank has to show that it can once again overcome accusations of possible misdeeds — this time tied to a political corruption probe. And there may be other problems.


Policymakers shouldn’t undermine existing overdraft regulations


The current overdraft rules could use some tweaks, but it should largely remain the same to protect consumers.


The $40 billion gift that Wall Street doesn't deserve


Attempts to roll back a safeguard on derivatives would give megabanks a $40 billion windfall, putting taxpayers on the hook.