S&P Global Market Intelligence rounds up a selection of recent legal and regulatory developments in the bank space.

Fed developing faster payments service to rival big banks' network

The Federal Reserve is proposing a major overhaul of the U.S. payments infrastructure, saying it will launch a system that moves funds in real time instead of delaying their availability.

______________________________

FDIC, Virginia regulator lift consent order on Carter Bank & Trust

The Federal Deposit Insurance Corp. and the Virginia Bureau of Financial Institutions terminated their consent order on Martinsville, Va.-based Carter Bank & Trust, effective July 31.

______________________________

Eagle Bancorp faces class-action suit over allegedly misleading filings

Bethesda, Md.-based Eagle Bancorp Inc. is facing a class-action suit over allegedly misleading statements in its regulatory filings.