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Judge to decide restitution for customers after $588K left behind in heist
Dozens of customers victimized by the brazen burglary of a Queens bank vault are now scrambling to divide the cash that was left behind. Maspeth Federal Savings Bank in Rego Park wants a federal judge to figure out which of its customers should get restitution from the $588,370 in bills left scattered in the vault...
28 points by New York Post | Safe deposit box Federal Deposit Insurance Corporation Deposit insurance Fractional-reserve banking Bank run Federal government of the United States Bank Cheque
Community banks hopeful as lawmakers target financial rules
Community banks and small businesses are optimistic about changes the Trump administration and Congress have promised to laws that tightened supervision of the banking industry after the 2008 financial crisis. They hope regulations will ease the paperwork required that they say has become a financial burden and caused many small banks and lenders to fail.
7 points by The Denver Post | Bank Bank run Small business Banking Federal Deposit Insurance Corporation Fractional-reserve banking Business Overdraft
The Dodd-Frank Act explained
With the Dodd-Frank Act in political crosshairs, it's worth revisiting the act's history and purpose.         
-2 points by Arizona Republic | Bank Bank run Financial services Federal Deposit Insurance Corporation Federal Reserve System Great Depression Panic of 1907 Deposit insurance
With Treasury candidate Mnuchin come possible conflicts
A leading candidate to be President-elect Donald Trump's treasury secretary was deeply involved in running a bank that has received $900 million in federal bailout money and that has been accused of discrimination - examples of the potentially thorny conflicts of interest that could plague Trump's...
45 points by Chicago Tribune | Financial services Goldman Sachs Henry Paulson George W. Bush Federal government of the United States Donald Trump Bank Federal Deposit Insurance Corporation
With Treasury candidate come possible conflicts
Bank that Steven Mnuchin was involved in running is accused of discrimination.
690 points by The Washington Post | Financial services Henry Paulson Goldman Sachs George W. Bush Federal government of the United States Donald Trump Federal Deposit Insurance Corporation Bank
OneWest Bank shut out nonwhite borrowers, advocates say
Two California advocacy groups have asked federal housing regulators to investigate Pasadena’s OneWest Bank over allegations that it discriminated against or failed to serve minority communities. The allegations lodged with the U.S. Department of Housing and Urban Development build on a multitude of...
1021 points by Los Angeles Times | Bank regulation Pleading Mortgage loan Loan Bank run Federal Deposit Insurance Corporation Cause of action Debt