Policy & Regulation

The Office of the Comptroller of the Currency's recent risk management proposal is tougher than institutions expected and would give the agency greater leeway to punish a firm it feels is not up to snuff.

The proposal to let the U.S. Postal Service become a bank is a hard sell, but the idea has legs for political, legal and business reasons. Here are answers to the top questions about the provocative idea.

New York's banking regulator unleashed a verbal assault on nonbank servicer Ocwen Financial Wednesday, saying the company's use of technology to better handle distressed loans is "too good to be true."

The U.S. Postal Service, well positioned to compete with payday lenders, could redirect the $7.4 billion Americans annually spend on these types of loans back into the U.S. economy. But it would have to become a proper bank to do so.

The American Bankers Association has decided to drop its lawsuit against the final Volcker Rule, saying regulators have already addressed some of the potential damage from the regulation.

The framework issued by the National Institute of Standards and Technology offers "a consensus description" for effective cybersecurity risk management.

Miller, the vice chairman of the House Financial Services Committee, announced Wednesday that he will not seek reelection later this year.

WASHINGTON -- The Senate Banking Committee is postponing its previously scheduled Thursday hearing with Federal Reserve Chair Janet Yellen.

WASHINGTON -- Fannie Mae and Freddie Mac lack consistent policies on charging late fees on outstanding loan repurchase requests, creating an uneven playing field in the mortgage market, according to an inspector general report released Wednesday.

Looming court battles over the fate of Fannie Mae and Freddie Mac are a key reason why lawmakers must act soon to pass housing finance reform, Housing and Urban Development Secretary Shaun Donovan said Wednesday.