Ian McKendry

The Consumer Financial Protection Bureau released a report Tuesday highlighting illegal servicing practices in the $1.2 trillion student lending market, including charging illegal late fees, allocating payments to maximize late fees and misrepresenting minimum payments.

WASHINGTON — Federal Deposit Insurance Corp. Chairman Martin Gruenberg said Monday that federal regulators are keeping a close eye on the nonbank financial sector and how it is affecting banks.

Regulators on Friday closed The National Republic Bank of Chicago, the 16th institution to fail this year.

WASHINGTON — House Republicans are seeking an investigation by an independent watchdog into the Federal Deposit Insurance Corp.'s role in the Justice Department's "Operation Choke Point," which aims to combat illicit businesses by forcing them out of the banking system.

WASHINGTON — Regulators issued a proposal on Friday that would require banks to escrow premiums and fees for flood insurance on mortgages made or refinanced after Jan. 1, 2016.

WASHINGTON — The Financial Action Task Force sounded an alarm Thursday that banks are overreacting in their response to recent anti-money-laundering enforcement actions by cutting off whole swaths of business.

The risk retention rule unveiled Tuesday was hailed by the industry for its definition of a "qualified residential mortgage," but analysts say a comeback for private-label securitization still faces huge obstacles.

WASHINGTON — U.S. regulators finalized a securities risk retention rule on Tuesday designed to set the stage for the future of the secondary mortgage market.

WASHINGTON — The Consumer Financial Protection Bureau finalized a rule Monday that will allow institutions that limit the amount of customer data they share to post annual privacy notices online rather than by paper delivery.

WASHINGTON — The Consumer Financial Protection Bureau finalized a rule Monday that will allow institutions that limit the amount of customer data they share to post annual privacy notices online rather than by paper delivery.

Regulators are finally ready to unveil a final risk retention rule, but whether the new regulation provides enough certainty to jumpstart the securitization market is an open question.

WASHINGTON — NBRS FInancial in Rising Sun, Md., has become the second institution in the state to fail this year.

TD Bank will pay $850,000 as part of a multistate settlement related to a 2012 data breach, New York State Attorney General Eric Schneiderman said Wednesday.