U.S. regulators revised down the estimated cost of cleaning up the hundreds of bank failures Tuesday, saying the industry is seeing better earnings and a greater ability to raise capital. The staff of the Federal Deposit Insurance Corp said it now believes bank failures will cost the industry-backed insurance fund $60 billion between 2010 and 2014. Previously, the FDIC had estimated a cost of $60 billion over 2010 to 2013.
Inside these posts: Regulators
Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
EPA pushes back enforcement of lead paint rules
The U.S. Environmental Protection Agency has delayed until Oct. 1 the date by which contractors must be certified to safely remodel homes built before 1978 that may contain lead paint.
The Lead Renovation, Repair and Painting Rule, which involved specific safety precautions and criteria for contractor certification, took effect April 22. The agency has faced criticism for more than a year from remodelers’ trade groups that argued there was not adequate time to get firms certified.
Get the full story »
