State regulators on Friday closed Edgebrook Bank, Chicago, and appointed the FDIC as receiver. Republic Bank of Chicago, Oak Brook, Ill., agreed to assume all of the failed banks $90 million in deposits and to purchase $79.7 million of its $90 million in assets. The failure, which is estimated to cost the Deposit Insurance Fund $16.8 million, was the fifth thus far in 2015. Read more.
ABA urges passage of bills to overturn late fee rule, prohibit insurance data collection
ABA expressed support for three bills that appeared before the House Financial Services Committee during a markup hearing, including a...