Policy & Regulation

WASHINGTON — The Consumer Financial Protection Bureau's watchdog is estimating a total price tag of nearly $216 million for the bureau's renovation of its headquarters.

Greenlight Financial, a unit of Nationstar, will pay $48,000 to settle claim it denied or delayed mortgage loans to applicants on maternity leave.

Bank regulators on Wednesday released updated metrics used to evaluate compliance with interstate banking laws.

Federal Reserve Chair Janet Yellen on Wednesday argued against using monetary policy to mitigate potential financial stability risks, saying that recent regulatory reforms were a better alternative.

Stress tests have a spotty record as a tool for identifying weaknesses and problem institutions.

If banks can develop processes that show their credit decisions are consistent, transparent, and easily auditable they will be in a better position insulate themselves from disparate impact judgments, writes Zoot Enterprises’ Eric Lindeen.

The Consumer Financial Protection Bureau's effort to analyze the mortgage market has touched off a debate about privacy and whether the agency is going too far in its collection of financial data.

Federal and state regulators are putting more pressure on banks to take immediate actions to address looming defaults of home equity lines of credit.

Lenders hope to earn bigger profits by originating loans that fall outside the qualified mortgage guidelines, for which they can charge borrowers significantly higher interest rates. But legal risks remain.

Responding to warnings from U.S. regulators that banks are finding ways around new curbs on financial risks, Wall Street is mobilizing to defend its latest tactic to keep overseas derivatives beyond the reach of U.S. rules.