Policy & Regulation

Consumer groups and industry advocates found rare common ground Thursday in recommending that the Consumer Financial Protection Bureau should push for clearer disclosures to help consumers better compare prices. But a dispute over dealer pricing remains an issue.

Santander Holdings USA entered into a written agreement with the Federal Reserve Bank of Boston about managing capital payments after one of its units issued an unauthorized dividend.

The Consumer Financial Protection Bureau has taken a sweeping approach in using its authority to propose supervision of the largest nonbank auto lenders, unveiling a plan that would effectively cover 90% of the market.

During a wide-ranging discussion of the economy and regulation, Wells Fargo CEO John Stumpf cited several factors that were harming the housing market. His comments came the same day the White House hosted a meeting on the topic.

Two online payday loan operations in the Kansas City area have been shut down after the CFPB and FTC charged them with bilking more than $36 million from consumers.

A top official from the Financial Stability Oversight Council told House lawmakers on Tuesday that regulators remain open to improvements in transparency, though he did not name specific measures the council is considering.

The House approved a package of Dodd-Frank Act tweaks Tuesday evening, including a closely watched provision to clarify Federal Reserve capital standards for insurers.

Banks and mortgage lenders may have received too much relief from loan buybacks, putting taxpayers at greater risk for losses, according to a Federal Housing Finance Agency inspector general's report.

In his first major policy speech as the new housing secretary, Julian Castro voiced support for a Senate bill to reform housing finance and said policymakers should "remove the stigma associated with promoting homeownership."

The Federal Housing Finance Agency's plan to restrict membership to the Federal Home Loan Bank System could cost lenders hundreds of billions in mortgage funding, according to the CEO of the Chicago FHLB.