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Inside Washington (06/21/2011)
* WASHINGTON (6/22/11)--The summer 2011 issue of the Federal Deposit Insurance Corp/’s monthly Supervisory Insights newsletter, released yesterday, takes a look at U.S. Small Business Administration (SBA) guarantee loan programs and how they are “increasingly attractive to institutions looking to expand lending opportunities.” An article titled “SBA Lending: Insights for Lenders and Examiners” reviews the SBA’s most popular lending products, and the associated technical underwriting, servicing and liquidation requirements. The newsletter also features an article on how more banks are entering into deposit relationships with third-party payment processors. “Managing Risks in Third-Party Payment Processor Relationships” identifies “warning signs that may indicate heightened risk in a payment processor relationship, discusses the controls that should be in place to manage this risk, and explains supervisory remedies that may be used when it is determined a financial institution does not have an adequate program to monitor and mitigate the risks” … * WASHINGTON (6/22/11)--Acting Comptroller of Currency John Walsh acknowledged disagreement among U.S. banking agencies about the size of a proposed capital surcharge for the largest U.S. banks. The Office of the Comptroller of the Currency favors a modest surcharge, but other banking agencies are pushing for a higher one, Walsh told the American Banker (June 21). He specifically noted that Federal Deposit Insurance Corp. Chairman Sheila Bair favors a higher capital buffer. Federal Reserve Board Gov. Daniel Tarullo created a stir among bankers earlier this month when he suggested the surcharge could be as high as 7%. Most observers expected the proposal to be around 3%. Walsh said U.S. regulators are currently considering a surcharge between 1% and 3% … * WASHINGTON (6/22/11)--House Republicans have requested more details from the U.S. Treasury Department on Elizabeth Warren’s role in the mortgage foreclosure settlement negotiations. Warren is the White House’s adviser in the establishment of the Consumer Financial Protection Bureau (CFPB). Members of the House Oversight and Financial Services committees have forwarded a letter asking for documents and records related to the CFPB involvement in the negotiations between the state attorneys general and the five largest mortgage servicers (American Banker June 21). The letter requests unredacted copies all communications between the CFPB and the attorneys general, federal agencies and servicers; and any communications between Warren and the attorneys general, federal agencies, servicers or plaintiffs’ attorneys in any class action lawsuit. Last week the watchdog group Judicial Watch released e-mails that detailed some of Warren’s meetings with state and federal agencies …


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