Wells, Citi Halt Most Foreclosure Sales as OCC Ratchets Up Scrutiny
May 17, 2013 In a sign of renewed pressure on mortgage servicers, a number of big banks have ceased or dramatically slowed the final step...

CFPB Driving Banks to Drop Auto Dealer Incentives
May 16, 2013 The Consumer Financial Protection Bureau's focus on discrimination in the auto loan business will likely force the banks it...

CFPB Targets Discrimination in Auto Loan Battle
May 15, 2013 Consumer advocates believe the bounties banks pay to car dealers for steering customers to high-interest loans are abusive....

N.Y. AG Faces Tough Task in Suing Servicers
May 10, 2013 New York's Attorney General charged Bank of America and Wells Fargo with hundreds of cases of failure to comply with the...

Bankers, Regulators Embrace Fuzzy Science of Ops Risk
May 9, 2013 Operations Risk has become a buzzword among bankers and regulators lately. Unfortunately, repackaging mainstream management...

California AG Sues JPMorgan Over Debt Collection Practices
May 9, 2013 California accused JPMorgan of illegal tactics to sue thousands of credit card borrowers behind on their debts, including...

Give Private Mortgage Insurers a Greater Role, MBA Head Says
May 6, 2013 The government must act to reform Fannie and Freddie before the refinancing boom comes to a close, says the president of the...

Schneiderman Plans Suit Over Servicing Settlement Violations
May 6, 2013 New York's attorney general blasted Wells Fargo and Bank of America for "flagrantly" disregarding their promises to help...

New York Alleges Banks Broke Servicing Promises
May 6, 2013 Wells Fargo and Bank of America have serially violated the terms of the National Mortgage Servicing Settlement, New York...

How to CFPB-Proof New Financial Products
April 26, 2013 To avoid unwanted scrutiny from the Consumer Financial Protection Bureau and other regulators, banks need to start thinking...