The banking association says 97% of homeowners are still paying their mortgages on time.
The British Banking Association attacked the moves as amounting to price controls.
The Spanish Banking Association says banks have renegotiated more than 400, 000 mortgages in the past five years and taken voluntary steps to delay evictions.
There is clearly a problem, but neither the Bank of Italy, the country's central bank, nor the Italian banking association can put figures on it.
Each day the British Bankers' Association (BBA) and the European Banking Association publish the Libor and Euribor rates by taking an average of the estimated rates submitted to them by leading banks.
Not surprisingly, the American Financial Services Association, a banking industry group, is opposing the bill.
The American Bankers Association announced that banking scams have increased in recent weeks.
The Mortgage Bankers Association and other banking lobbies campaigned vigorously against the proposal, which would have allowed judges to write down the value of mortgages.
The British Bankers' Association, the banking trade body, described the FPC's report as "the latest step in an ongoing discussion between the UK's banks and their regulators" about the levels of capital they should be holding.
Well joining me to discuss what banks do for us and what they should do in the 21st Century - I have Stuart Cliffe from the National Association of Bank Customers, Rory Murphy who's joint general secretary of the banking union UNIFI - and Tim Sweeney of course director general of the British Bankers Association.
But banking-industry groups, including the American Bankers Association and the Financial Services Roundtable, oppose the measure, saying it would tempt students to rack up big debt that they won't repay.
WSJ: Student Loan Bankruptcy Fears Drive Congress to Rethink Law
My thanks to Adrian Lloyd from the Banking Code Standards Board, to Stewart Cliffe from the National Association of Bank Customers, Rebecca Fernley from Consumers Association and Simon Pitkeathly representing the banks.
"There was a one-off write-off of impaired credit card balances by one of the banking groups, " said a spokesman for the British Bankers' Association.
The deal that got Hurwitz into real trouble was an investment in 1983 for just under 25% of United Financial, a banking company that owned a Houston savings and loan called United Savings Association of Texas.
The new chief executive of the British Bankers' Association (BBA) has pledged to restore trust in UK banking.
On Sunday, July 8th, PFGBest, a commodities trading firm, had allowed the National Futures Association (NFA) to conduct 3rd party confirmation of its banking records through the automated system provided by Capital Confirmation.
"Without the full co-operation of the banking sector, the government's big idea is impractical, " Stuart Cliffe director of the National Association of Bank and Insurance Customers (NABIC) told BBC News Online.
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