Policy & Regulation

The Consumer Financial Protection Bureau backed off some of its initial plans in its final rule requiring lenders to collect more data from mortgage borrowers, but industry representatives warned the agency had not gone far enough.

New York's state banking regulator may have set down rigorous guidelines for the Symphony online messaging service. But will the rules actually work, and will other agencies will adopt similar guidance?

The bureau's proposed standards would drive lenders out of short-term, small-dollar lending, just as the OCC's 2013 rules did. This time, however, there will be few, if any, regulated institutions left to fill the void.

WASHINGTON — The Consumer Financial Protection Bureau finalized a rule Thursday that requires lenders to collect more information from borrowers as part of mortgage disclosures.

Executives in the mortgage industry must "take a page from the real estate community" and be more active in Washington and their state capitals, said outgoing Mortgage Bankers Association Chairman Bill Cosgrove.

Synchrony Financial has received regulatory approval for moves that will let the credit card lender cut ties with its longtime parent, General Electric.

WASHINGTON — Bank lending is growing mildly, buoyed by strong consumer spending and an improving real estate market, while lending related to other areas of the economy have stagnated or contracted, according to a report issued Wednesday by the Federal Reserve Board.

WASHINGTON — The Consumer Financial Protection Bureau is raising red flags about the servicing of old federal student loans that were once originated by private lenders.

Democrats clashed over banking reform Tuesday night during the party's first primary debate, underscoring the sharp divide with GOP candidates on Wall Street issues.

This week marks the fourth anniversary of the "Durbin amendment," a defective law directing the Federal Reserve to impose price-controls on debit interchange fees.