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The Federal Deposit Insurance Corp. urged a U.S. judge to reject a proposed $500 million class-action settlement between Bank of America Corp.'s Countrywide unit and investors in devalued mortgage-backed securities.
October 9 -
The Minnesota Department of Commerce recently moved to shut down and place into receivership two collection agencies that allegedly operated without a license and that owner Robert Dunham tapped to help finance his personal extravagances, the state agency reported Wednesday.
October 9 -
President Obama will nominate Federal Reserve Vice Chairman Janet Yellen tomorrow to head the U.S. central bank, a White House official said in an e-mailed statement.
October 8 -
Lenders are increasingly anxious about how to deal with the Department of Housing and Urban Development's recent proposal concerning the definition of "qualified mortgages," noting the agency's plan differs in key respects from the CFPB's QM rule.
October 8 -
According to an essay by Raymond Natter, the Consumer Financial Protection Bureau and the Dodd-Frank Act may cut off payments to conflict-torn areas.
October 8
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The Federal Deposit Insurance Corp. reported continued positive signs about the health of its insurance fund, and said improvement in the industry has also meant lower premiums for some institutions.
October 8 -
Banks still using Microsoft's Windows XP operating system had better beware, the Federal Financial Institutions Examination Council announced this week.
October 8 -
The Federal Deposit Insurance Corp. told banks under its watch to prioritize "prudent interest rate risk oversight."
October 8 -
The Dodd-Frank Act and the Consumer Financial Protection Bureau might end up denying crucial funds to nations emerging from war, a new study says.
October 8 -
The Federal Reserve Board has freed Bank Hapoalim from an order that had required the Israeli bank to tighten its anti-money laundering oversight.
October 8
