Policy & Regulation

In his account of the financial crisis, former Treasury Secretary and New York Fed President Tim Geithner offers a full-throated defense of his fight to bail out Washington Mutual's bondholders and protect Citigroup's bid to take over Wachovia.

The Federal Housing Administration gave more details Tuesday about a program to reward borrowers who get counseling and a quality assurance initiative meant to ease lenders' fears about accommodating riskier borrowers.

In a wide-ranging speech on Tuesday, new FHFA Director Mel Watt said he would not weigh in on the housing finance reform debate percolating in Congress, while also detailing what changes he plans to make at the agency, including encouraging more access to credit.

U.S. authorities are seeking more than $3.5 billion from BNP Paribas SA to resolve federal and state investigations into the lender's dealings with sanctioned countries including Sudan and Iran, according to people familiar with the matter.

WASHINGTON — A House subcommittee announced Tuesday that it has scheduled a meeting on May 21 to hear from three officials at the Consumer Financial Protection Bureau who were recently subpoenaed to testify on allegations of employee discrimination and retaliation at the agency.

Advocates of mandatory arbitration say that it is cheaper than litigation and just as fair to consumers. Both claims are suspect.

RBS Moves to Spin Off Citizens; Fed Staffing Strains

Connecticut's top banking regulator on Monday warned investors about the dangers of Bitcoin.

Connecticut's top banking regulator on Monday warned investors about the dangers of bitcoin.

Freddie Mac, which along with Fannie Mae has forced home lenders to buy back tens of billions of dollars of flawed mortgages, said the companies are loosening rules that made banks more cautious about extending credit.