Policy & Regulation

W.J. Bradley Mortgage Capital shut its doors after it was stuck with nonagency loans with TILA/Respa integrated disclosure issues that it couldn't sell.

In what has become almost a grim ritual, Consumer Financial Protection Bureau director Richard Cordray faced a barrage of hostile questioning from Republican members of the House Financial Services Committee, who hammered him over everything from payday lending to regulatory relief for small banks.

Federal Reserve Chair Janet Yellen said Wednesday that the raft of rules and regulations brought on by Dodd-Frank and other international agreements since the financial crisis have made the banking sector and the public safer, but she said work to make those changes apparent to the public is continuing.

The chairmen of the House and Senate banking committees appear to agree that banks that hold higher capital should get a significant break on other regulatory requirements. But the odds of enacting a bill this year remain long.

Members of a House Energy subcommittee had many basic questions for technologists, entrepreneurs and legal experts testifying at a hearing on digital currency Wednesday.

The Federal Reserve recently announced that it had released five community banks from enforcement actions.

MasterCard Inc., the second-largest U.S. payments network, received a finding of violation from the Treasury for failing to report accounts held by two Iranian banks that were placed on a list in 2007 that prohibits U.S. entities from dealing with them.

MasterCard received a finding of violation from the Treasury for failing to report accounts held by two Iranian banks that were placed on a list in 2007 that prohibits U.S. entities from dealing with them.

The Consumer Financial Protection Bureau on Tuesday asked a federal court to shut down a California company accused of running a student debt relief scam that allegedly charged borrowers millions in illegal fees.

The Federal Housing Administration said Tuesday that it has revised its proposed lender certification requirements in an effort to provide more clarity and reassure lenders they won't be penalized for minor loan defects or mistakes.