The Latest

The Justice Department filed suit Thursday against Guild Mortgage, arguing the firm violated the False Claims Act by improperly originating and underwriting Federal Housing Administration loans.

Banc of California’s shareholders delivered a pair of rebukes for the Irvine company’s management.

The agency posted its semiannual rulemaking agenda on a blog late Wednesday updating the next steps it will take on several areas of rulemaking. The CFPB expects to issue rules for prepaid reloadable cards, mortgage servicing and mortgage disclosures this summer but set no specific deadlines yet on overdraft and debt collection.

Capital One in McLean, Va., has launched an accelerator program for U.K. fintech startups. The 10-week program, called Growth Labs, will operate from the company's Nottingham, England, headquarters in partnership with tech investor L Marks.

Motorola Employees Credit Union (MECU), a $901-million institution based in Schaumburg, Ill., said it will change its name to Andigo, most likely in September of this year.

If the DAO, an automated, leaderless "company," lives up to the hype, it could radically transform corporate finance and governance. But many wonder if the entity's record crowd sale is kosher under securities laws.

UMB Financial took its lumps last year when its funds management business suffered from large outflows. The challenge prompted UMB to tighten up on expenses and rely more on revenue tied to its balance sheet.

When Edison “Eddy" Ortiz isn’t winning patents for Royal Bank of Canada, he’s tinkering in his Orlando home.

Interest in smart contracts is growing, in part because of the promise of lower legal expenses. But the programmers of these self-enforcing, automated agreements will still need to consult with lawyers to translate the terms into code.

Minneapolis Fed President Neel Kashkari made waves when he said drastic measures — including potentially breaking up the megabanks — are needed to end "too big to fail." In an expansive interview, Kashkari talked about his political future, the culture at the Fed and the challenge of legislating change.