Policy & Regulation

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Bank of America Corp. failed to win dismissal of two government lawsuits in which it's accused of misleading investors about the quality of loans tied to $850 million in residential mortgage-backed securities.

The House Financial Services Committee approved legislation Friday to extend and modify the Terrorism Risk Insurance Act and make several changes to the Financial Stability Oversight Council.

The fate of living wills for the biggest banks and a new system to resolve the largest institutions has taken a back seat to other regulatory efforts in the wake of the Dodd-Frank Act. Here's why banks of all sizes need to be focused on the effort.

Independent Resource Network Corp., a Westbury, N.Y.-based independent sales organization, recently agreed to pay $400,000 and waived its right to funds in a merchant's reserve account to settle a civil suit brought by the Federal Trade Commission.

A proposal to extend and modify the Terrorism Risk Insurance Act divided the House Financial Services Committee down party lines on Thursday, and signaled the battle lines that are likely to arise when the issue is worked out between the House and Senate.

The Department of Justice and Consumer Financial Protection Bureau's joint action against GE Capital Retail Bank, which recently changed its name, stems from alleged discrimination against Hispanics and marketing of add-on products.

Former CFPB honcho Richard Hackett is leading industry-funded studies that probe the limitations of the bureau's own research.

The Federal Housing Administration has issued guidance to lenders to prevent deceptive marketing of reverse mortgages to seniors.

Popular Inc. (BPOP) in San Juan, Puerto Rico, has received regulatory approval to exit the Troubled Asset Relief Program.