Policy & Regulation

The conventional wisdom is that MetLife is breaking itself up partly as a response to its designation as a systemically important company. But there is significant evidence that's wrong — here's why.

U.S. lawmakers called for federal investigations into Clayton Homes, the mobile-home business at Warren Buffett's Berkshire Hathaway, after the Seattle Times and BuzzFeed News wrote that the company targeted minority borrowers and charged them higher interest rates on average than whites.

President Obama's administration, citing concern about the origin of funds used for all-cash purchases of luxury real estate, said it is stepping up scrutiny of transactions in New York City and Miami.

The project is likely to be mirrored at banks around the country as the automated clearing house evolves from settling payments in three to five days currently to same-day settlement in September and faster payments beyond that.

The project is likely to be mirrored at banks around the country as the automated clearing house evolves from settling payments in three to five days currently to same-day settlement in September and faster payments beyond that.

As fintech pitches itself as the future of consumer financial services to bankers, regulators, legislative staffers and journalists, it's not enough to claim that innovations are better. We nontechies want an explanation why, in layman's terms.

Republican lawmakers agree with Obama that outdated regulations need to be changed, but were pessimistic that the administration would support efforts to roll back the compliance burden on banks.

Community bankers and credit unions scored a significant victory while others in the mortgage industry lost out in the Federal Housing Finance Agency's final rule establishing membership standards for the Home Loan banks.

The insurance giant MetLife dropped a bombshell on Tuesday, saying it would separate a "substantial portion" of its U.S. retail segment, in part because of the current economic and regulatory environment.

MetLife plans to separate much of its U.S. retail business as Chief Executive Officer Steve Kandarian works to shrink the company to limit federal oversight.