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James Clinger is currently general counsel to the House finance panel; CFPB director refutes House panel claims he didn’t do his job in Wells Fargo investigation.

The CFPB's decision to drop a requirement that third parties verify a debt's accuracy before collecting on it is likely to speed the agency's efforts to write rules for all parts of the debt collection market.

CFPB Director Richard Cordray took issue with a House Republican report that said he lied about his agency's role in investigating the Wells Fargo phony-accounts scandal.

Senate Banking Committee Chairman Mike Crapo sounded optimistic Thursday about reaching a bipartisan deal for regulatory relief, but a hearing once again emphasized the gulf between what lawmakers are likely to pass and what the industry is seeking.

The Consumer Financial Protection Bureau proposed further changes Thursday to its final rule on prepaid cards and is seeking public comment on whether to delay implementing it a second time.

Job cuts are the beginning of a new round of cost-cutting; Wells accused of modifying home loans on distressed borrowers without customer or bankruptcy court approval.

Fed Chair Janet Yellen called the Treasury's report a "complicated document" that shared many of the central bank's objectives, including reducing regulatory burden without sacrificing safety and soundness.

Trump administration’s “lighter” regulatory proposal signals that banks may finally have entered a “post-crisis” era; IBM rolls out Watson artificial intelligence tools to deal with regulations.

Sen. Mike Crapo, R-Idaho, welcomed Treasury Department recommendations on how to reform financial regulations and expressed optimism that many of the suggestions could become law.

The Treasury Department published its first report on regulatory reform, offering some familiar industry asks alongside some surprising positions.

The new acting chief of one of Washington’s major banking regulators has agreed to stay away from issues involving dozens of former legal clients, including 14 banks that the agency oversees, according to his ethics agreement.

Post-crisis financial rules have made the business of project lending less profitable for commercial banks. Foreign competitors have stepped in to fill the void, but U.S. banks can carve out a niche as bond offering managers and financial advisers.

The HUD secretary said millennials are being shut out of the market but the purchase of a condominium unit is often the first step to homeownership.

Ahead of the House vote Thursday on the Financial Choice Act, the two parties were assailing each other as proxies for Wall Street and painting themselves as defenders of community banking and the consumer.

Matthew Zames, the bank's COO, is leaving because Jamie Dimon doesn't look like he is; Financial overhaul bill passes along party lines but is unlikely to be the last word on regulatory reform.

The agency recently sent a letter to nine banks urging them to stop offering deferred interest cards, arguing that consumers are often unaware of the risks involved.

The Consumer Financial Protection Bureau said banks and other first-party creditors are responsible for the accuracy of information on consumer debts.

Clearing the bill through the House has value, giving baseline legislative language that the Senate might select in a more modest legislative package.

Senators on both sides of the aisle paid lip service Thursday to giving relief to community banks and credit unions, but didn't appear closer to specifics of what would be in a bill.

HUD secretary Carson tells lawmakers that the FHA's capital ratio is on an "upward trajectory," but he hasn't made a decision on another premium reduction.