The Latest

The embattled Bancorp in Wilmington, Del., has named Steven Turowski chief risk officer and submitted some previously delayed financial reports that shed more light on its financial condition.

WASHINGTON — The Consumer Financial Protection Bureau is working with other regulators on examiner guidance to help ensure that the agencies enforce new mortgage disclosures in a "corrective" manner, not a "punitive" one, Director Richard Cordray said Tuesday.

Lawmakers from both political parties on Tuesday sharply criticized the Consumer Financial Protection Bureau's attempt to restrict or eliminate auto dealers' ability to markup a loan by citing their partnering lenders, arguing it would result in higher prices for consumers.

Klarna—a receive-now pay-later company—has added American Express to its supported payment methods in Sweden, Finland, Germany and the United States, as of Thursday, the company announced.

Lawmakers from both political parties on Tuesday sharply criticized the Consumer Financial Protection Bureau's attempt to restrict or eliminate auto dealers' ability to markup a loan by citing their partnering lenders, arguing it would result in higher prices for consumers.

Workers' CU names new operations chief, Texas Partners COO retires and other CU professionals in the news.

UBS Financial Services of Puerto Rico has agreed to pay $34 million to settle charges by the Securities and Exchange Commission and Financial Industry Regulatory Authority that it failed to supervise a former broker who had customers invest in UBSPR affiliated mutual funds using money borrowed from an affiliated bank.

Global payments platform Tipalti has launched a comprehensive W-8 tool to facilitate the tax filing process for firms with foreign or undocumented service providers.

The government appears to be speeding toward establishing uniform standards for student loan servicers in light of reports of pervasive problems in the administration of both private and federal loans.

A bipartisan group of housing experts is seeking to inject more discussion about the mortgage market into presidential campaigns.