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WASHINGTON — After months of declining industry and congressional pleas to delay an impending rule combining two mortgage disclosure regimes, the Consumer Financial Protection Bureau on Wednesday announced a two-month delay due to an "administrative error."

Treasury Secretary Jacob Lew downplayed concerns by House Republicans Thursday that financial regulation is a key driver in spurring recent market volatility and a possible reduction in liquidity.

Six servicers were cited for a range of infractions, including a failure to respond to requests for loan modifications and not doing enough to prevent foreclosures. Punishment was harsh for Wells Fargo and HSBC, which are banned from acquiring mortgage servicing rights and entering into new servicing contracts.

The Consumer Financial Protection Bureau has sued an Ohio auto lender for alleged bullying tactics in trying to collect debts from military personnel.

The two main credit union trade groups, normally in lockstep on most issues, are split in their reactions to proposed legislation in Congress that calls for a delay to study NCUA's proposed risk-based capital rule.

Home Bancshares in Conway, Ark., has agreed to buy Florida Business BancGroup in Tampa, Fla.

Security researchers say criminals are turning away from malware-only attacks and preying on unsuspecting call center reps, merchants and consumers with simpler, more traditional schemes.

Members of St. James Federal Savings and Loan Association will meet Saturday to vote on whether to convert from a mutual to a stock-owned bank as a prelude to selling itself to Wells Financial. Some believe the vote could set a worrisome precedent.

The CFPB on Wednesday sued an auto loan firm for aggressive debt collection tactics against service members.

The nature of fraud in the U.S. is about to change radically, as fraudsters adapt to EMV security at the point of sale by shifting their attention to e-commerce channels.