Many younger people pursuing jobs say they are not interested in financial services sales, according to Limra, which recently conducted surveys and focus groups on the matter.

Some brokers are eroding "The Protocol for Broker Recruiting," an agreement among firms that allows registered investment advisers to transfer between participating firms without lawsuits or arbitration.

Lehman Brothers Holdings Inc. creditors including Goldman Sachs Group Inc. have drafted a payment plan that would compete with the defunct bank's $61 billion proposal, taking back money that Lehman sought to give to bondholders, said two people familiar with the matter.

The credit union saw a 50 percent increase in mortgage originations, which helped spur a significant spike in net income last year.

Mark Calabria has notably criticized the government’s role in housing, but some groups have taken him at his word when he told senators that he supported affordable housing initiatives.

In a unanimous ruling, the court placed new limits on the ability of consumers to sue law firms that handle foreclosures on behalf of mortgage servicers.

If the agency’s treatment of Bank of America is extended to the rest of the industry, it will cause widespread confusion and excessive regulatory burden.

At a minimum, the court’s ruling will create confusion and invite endless litigation.

Just as advances in automobile technology have made driving safer, incorporating AI into decision-making reduces financial risks.