Policy & Regulation

The consumer watchdog says it is taking a closer look at various practices associated with student loan servicing as other regulators and analysts grow increasingly wary about the vast amount of non-dischargeable debt in the economy.

The Obama admnistration voiced major concerns Wednesday with a Senate regulatory reform package up for a vote next week in the Banking Committee.

During a House hearing, marketplace lenders suggested that the U.S. government follow the lead of the U.K., which has set up a separate regulatory regime for the online industry.

WASHINGTON — Sens. Elizabeth Warren, D-Mass., and David Vitter, R-La., have joined forces for a second time this month on legislation to reform the Federal Reserve.

The U.S. Justice Department is set to rip up its agreement not to prosecute UBS Group AG for rigging benchmark interest rates, according to a person familiar with the matter, taking a new step to hold banks accountable for repeat offenses.

Global financial inclusion efforts have made big strides, but documentation requirements continue to hinder access to financial services, and women and the poor remain disproportionately underserved, according to the World Bank's annual study.

With the release of Sen. Shelby's regulatory reform bill, the debate over the legislation is just beginning to take shape. We sort through the possibilities for how it will unfold.

Many lenders shy away from adjusting monthly payments based on struggling borrowers' income for fear of losing too much money, but the Education Department's expansion of such plans for student loans and new data-crunching products have reframed the longtime discussion.

Federal Deposit Insurance Corp. Chairman Martin Gruenberg, discussing progress in establishing big-bank resolution regimes, said the Federal Reserve is developing a rule "to codify" the swaps protocol involving termination rights.

WASHINGTON — A new mortgage disclosure regime due to take effect on Aug. 1 is unlikely to cause closing delays, according to Consumer Financial Protection Bureau Director Richard Cordray.