Office of Thrift Supervision

Regulators closed five more banks Friday night, bringing the total number of failures this year to 89, as losses on bad mortgages and construction loans continue to plague the financial industry. Located in Illinois, Iowa, Kansas and Arizona, the banks will cost the Federal Deposit Insurance...

The Obama administration may soon propose creating a single government overseer for the nation's banks. The plan is to consolidate the patchwork of regulators of the financial markets and institutions, so to avoid the kinds of risky practices that brought the economy to its knees. Right now,...

Banks hoping to take advantage of the Financial Accounting Standards Board's change to the mark-to-market rule had better tread very carefully. Home loan modifications are not working, according to a report by the Office of Thrift Supervision in today's Washington Post. At least 57 percent of...

Finally the Federal Reserve, the Office of Thrift Supervision and the National Credit Union Administration decided it was time to act to help consumers get a fairer deal with credit card issuers. Unfortunately improvements required won't take affect until July 1, 2010 unless your credit card...