Policy & Regulation

North Carolina Attorney General Roy Cooper filed a lawsuit against Advantage Debt Solutions Inc., a Charlotte, N.C. debt settlement firm, for charging upfront fees while failing to deliver any services.

Banking, mortgage rules on the agenda at statehouses around the country.

Many companies in the payments industry have strong, influential women as top executives. These women rarely had a clear path ahead of them when they started out.

Regulators shut down Douglas County Bank in Douglasville, Ga., and Parkway Bank in Lenoir, N.C. Between them they had assets of $425 million and will cost the Deposit Insurance Fund an estimated $105 million.

First Financial Northwest (FFNW) in Renton, Wash., has been freed from an enforcement action.

The Federal Deposit Insurance Corp. took enforcement actions against six banks last month that tied to their capital, compliance and financial condition, according to a series of orders released Friday.

To avoid unwanted scrutiny from the Consumer Financial Protection Bureau and other regulators, banks need to start thinking about "what is fair, not just what is legal," banking attorneys say.

The Consumer Financial Protection Bureau issued a rule Friday attempting to clarify how it would use its Civil Penalty Fund, which holds money it collects as a result of fines against financial companies.

WASHINGTON – A bipartisan group of lawmakers is looking to amend a lending provision that classifies certain types of loans used to purchase manufactured housing as predatory.

BNC Bancorp (BNCN) in Thomasville, N.C., plans to buy back its Troubled Asset Relief Program shares from investors who bought them in a Treasury Department auction last summer.