Policy & Regulation

Under a rule released Tuesday, the CFPB will begin examining any nonbank servicer that handles more than one million student loan borrowers — a category that currently includes seven firms and accounts for 70% of the market.

At least three U.S. regulators will meet on Dec. 10 to adopt the final version of the Volcker rule banning banks from making speculative bets with their own money, according to three people familiar with the planning.

Ahead of a conference on Wednesday, the business lobbying group addressed a number of deficiencies it identified in the structure of the Financial Stability Oversight Council, a 10-member voting panel created under the Dodd-Frank Act and headed by Treasury Secretary Jacob Lew.

More than 10 months after agreeing to pay a $10 million penalty to its regulator, TCF Financial (TCB) has officially been released from an enforcement order related to its monitoring of suspicious transactions.

WASHINGTON — The Federal Reserve Board on Monday accepted revised capital plans by JPMorgan Chase & Co. and Goldman Sachs after asking both firms to go back to the drawing board earlier this year.

The National Fair Housing Alliance has accused big banks of discriminating against minorities in the upkeep of foreclosed properties and is seeking millions in settlements — mostly for itself. Behind its demands are faulty data and grants overseen by a federal official with close ties to the group.

Passing framework rules without considering technology implementation has proven disastrous for the CFTC. Like the Obamacare website debacle, it has brought to the fore unresolved Big Data issues.

The Farm Credit Administration will also withdraw a proposal that would have allowed its lenders to make investments in non-agricultural businesses.

It's been nearly two years since the FDIC first unveiled its so-called “single point of entry” approach, which is designed to help unwind a systemically important financial institution. Yet without more details, the strategy is in danger of imploding.

New York's city council recently voted to allow campaign contributions to be made by text message.