Policy & Regulation

ACI Worldwide completed its $109 million acquisition of electronic billing technology developer Official Payments Holdings.

The Federal Housing Finance Agency told Fannie Mae and Freddie Mac to end reimbursements to mortgage servicers for expenses related to captive reinsurance arrangements.

Lael Brainard, the Treasury Department's top international official, is likely to be nominated to the Federal Reserve Board, according to a person familiar with the decision who requested anonymity.

HSBC dropped out of negotiations to settle a European Union antitrust probe into allegations that banks rigged Euribor lending rates, according to a person familiar with the probe.

Top Federal Reserve Board officials are cautiously eyeing the possibility that a new liquidity proposal may incite a collateral shortfall just as the central bank starts to unwind its easy-money policies.

The Consumer Financial Protection Bureau is treading a fine line between protecting individuals from wrongdoing and acting as if it knows what's good for them. American Banker staffers discuss how behavioral economics is shaping its policy decisions.

Nearly half of the large banks surveyed said mortgage applications were either "moderately" or "substantially" lower, according to a Fed survey released Monday.

The CFPB has referred at least three auto lenders to the Justice Department for further investigation into possible fair lending violations, even as lawmakers continue to question the agency's authority.

The Treasury Department plans to auction seven more lenders' Troubled Asset Relief Program shares, with a total face value of about $90 million.

No market should over-rely on one entity. But references in regulations and lending guidelines to the dominant credit score provider have created unintentional government brand endorsement and blocked new entrants.