The Latest

The Federal Housing Finance Agency appears to be on course to decide next year whether Fannie Mae and Freddie Mac should update their credit scoring models.

Privacy advocates were appalled by the cybersecurity act Congress passed in the omnibus spending bill, with its abandonment of data-privacy provisions that existed in earlier versions. Now consumer and business-client privacy is at the discretion of the banks and other private companies.

Participants in an alleged credit card laundering scheme agreed to settle FTC charges that they illegally helped provide access to payment networks, enabling scammers to place bogus charges on consumers’ credit cards.

The concept of a high-tech multipurse card with a built-in display may seem out of place in a world where many of the same functions can be handled by mobile wallet apps, but some entrepreneurs remain committed to the idea of a futuristic plastic card.

Existing-home sales plummeted in November, confirming fears in the mortgage industry that a new consumer disclosure rule is delaying mortgage closings.

Franklin Savings Bank in Franklin, N.H., has tapped its chief operating officer to succeed Jeffery Savage, when he retires as CEO next year.

Both banks and Wall Street critics support a new Fed proposal to implement a countercyclical capital buffer on megabanks, but the two sides diverge on when and how the Fed would use it.

Existing-home sales plummeted in November confirming fears in the mortgage industry that a new consumer disclosure rule is delaying mortgage closings.

ParkJockey plans to integrate PayByPhone's software into its mobile parking application.