U.S. regulators are continuing to send a clear message about global financial services standards forged with other countries: they're not strong enough.
National Credit Union Administration board member Rick Metsger said a Federal Housing Finance Agency proposal to restrict Federal Home Loan Bank membership could give banks an unfair advantage over some smaller credit unions.
House Republicans warned Wednesday that bank examiners are going to continue to pursue small institutions as part of a government crackdown on certain merchants such as payday lenders, pawn shops and gun dealers.
The Federal Reserve Boards Beige Book said that lenders are cautious on residential lending but "fiercely competitive" over commercial lending.
WASHINGTON Regulators were set Wednesday to consider a final liquidity rule for large banks that makes a number of concessions to the industry.
WASHINGTON Friends of Traditional Banking, a banking SuperPAC, has narrowed its congressional elections "watch list" for the November midterm races to four tight Senate contests.
Banks and other lenders appear to be waiting on a regulatory signal from the Federal Housing Finance Agency before approving loans for borrowers with less than stellar credit profiles.
Consumer Financial Protection Bureau Director Richard Cordray told House lawmakers on Wednesday that allegations of discrimination and retaliation among agency employees were due to its efforts to rapidly build itself up following its creation three years ago.
WASHINGTON Federal and state regulators announced a settlement Tuesday with Colfax Capital Corp. and its subsidiary over charges it "lured" 17,000 U.S. servicemembers into expensive loans with hidden charges and withheld information on billing statements.
WASHINGTON The Federal Deposit Insurance Corp. said Monday that it has withdrawn a list of merchant categories, including payday lenders, debt consolidation firms, pornography businesses and others, that it said warranted heightened attention by banks processing their transactions.
WASHINGTON Due to an improving jobs market and better credit conditions, homebuilder D.R. Horton, Inc. is betting the time is right to cater to the first-time homebuyer.
Castro takes helm as housing recovery continues to lag the rest of the economy.
Top lawmakers on the House Financial Services Committee debated the value of the Dodd-Frank Act in dueling reports on Monday, commemorating the financial reform law's fourth anniversary.
Under a measure passed Wednesday, the use of federal funds to punish banks for providing accounts to pot businesses would be prohibited.
A Senate Banking Committee hearing looked at whether some regional banks that meet the Dodd-Frank Act's "systemically important" threshold belong in the same group as global giants.