Policy & Regulation

Banks are strongly condemning the Department of Education's proposed changes to its student loan disbursement rules, saying that the proposal is an attempt to regulate banks in a way that exceeds the department's statutory authority and hurts students.

M&T Bank said it's in discussions with U.S. officials to settle an investigation into the lender's origination and sale of federally insured home loans.

Former Wilmington Trust President Robert V.A. Harra was indicted on U.S. charges that he lied to regulators as part of a scheme to hide bad real-estate loans

The Federal Reserve should require community groups to disclose the contributions they receive from banks in order to ensure that controversial mergers receive fair public hearings.

The Consumer Financial Protection Bureau has ramped up its push for the mortgage industry to switch to an electronic closing process after results from a pilot program showed consumers favored it over in-person mortgage closing.

Capital One Financial in McLean, Va., has been hit with an enforcement action by federal regulators for deficiencies in anti-money laundering compliance that were connected to a former check-cashing business.

WASHINGTON — The Office of the Comptroller of the Currency named senior bank examiner Linda Cunningham as its first chief risk officer on Wednesday.

More than a dozen Senate Democrats introduced legislation Wednesday that would prohibit employers from requiring job applicants to supply their credit histories.

The costs incurred by the Consumer Financial Protection Bureau in renovating its offices were in line with similar projects taken on by other agencies and not extravagant, according to the agency's inspector general.

The central bank appears to believe the U.S. economy remains so fragile that it cannot withstand the mildest of rate increases. There's no better testament to the inefficiency of the Fed's monetary policies.