Law and regulation

The Consumer Financial Protection Bureau is suing a Dallas company that the agency says misled customers into signing up for a "sham" credit card.

The Consumer Financial Protection Bureau filed a lawsuit against Sprint Corp., alleging it illegally processed improper third-party billing charges – marking the first time the agency has pursued a telecommunications firm.

The Consumer Financial Protection Bureau said Wednesday it had filed a lawsuit against Sprint Corp., alleging it illegally processed improper third-party billing charges — marking the first time the agency has pursued a telecommunications firm.

The Office of the Comptroller of the Currency says its cybersecurity exams already include many of the same requirements New York's financial regulator recently spelled out for assessments of state-chartered banks.

The Senate approved a bill late Tuesday that would retroactively extend more than 50 expiring tax provisions for one years, including one that shields distressed homeowners from paying taxes on any mortgage debt forgiven in a short sale.

The Consumer Financial Protection Bureau said Wednesday it had filed a lawsuit against Sprint Corp., alleging it illegally processed improper third-party billing charges — marking the first time the agency has pursued a telecommunications firm.

Rigid state licensing laws have compelled some payments startups to partner with licensed money transmitters in order to get their programs off the ground. That's a good thing.

A U.S. program that backstops insurance companies' losses from acts of terrorism is set to end after the Senate adjourned without extending it.

The government conservatorship of Fannie Mae and Freddie Mac was never meant to authorize lasting control over the housing sector, according to one of the people who advised Congress on the Housing and Economic Recovery Act.

Federal regulators issued a rule Tuesday to bring U.S. capital and liquidity rules in line with a policy taking effect as early as Jan. 1 on international resolution procedures.

WASHINGTON — More than two dozen Senate lawmakers signed a letter this week that urges the Federal Housing Finance Agency to drop its proposal to tighten Federal Home Loan Bank membership rules.

The Federal Deposit Insurance Corp. approved a 3% budget reduction for 2015 on Tuesday as funding needs for handling troubled banks continue to diminish.

One big question in the debate over regulating cryptocurrencies is whether to apply existing rules to these new technologies or craft new ones. A state regulators' trade group recognizes that there may be no one right answer.

WASHINGTON — Lenders are moving too quickly to return to the loose underwriting standards that caused the housing crisis, according to a report released Tuesday by the Office of the Comptroller of the Currency.

One big question in the debate over regulating cryptocurrencies is whether to apply existing rules to these new technologies or craft new ones. A state regulators' trade group recognizes that there may be no one right answer.

Ocwen Financial came under fire from Joseph A. Smith, the monitor of the national mortgage settlement, after concerns of conflicts of interest were raised by an unnamed whistleblower.

Ocwen Financial came under fire Tuesday from Joseph A. Smith, the monitor of the national mortgage settlement, after concerns of conflicts of interest were raised by an unnamed whistleblower.

Size-based regulation is designed to curb banks' appetite for growth. This will affect every operational and strategic decision that banks make going forward.

The latest series of bank settlements over alleged attempts to manipulate the foreign exchange market suggests that lenders need to set about pruning the ranks of problem employees and retraining those who remain.

A federal monitor is investigating whether Ocwen Financial is treating borrowers fairly after a whistleblower said the company may have improperly influenced which mortgages were picked for a compliance review.