Policy & Regulation

Banks are increasing their research and monitoring of third parties as regulators take a closer look at outsourcing.

Regulators have ordered Germany's Nordbank to improve anti-money-laundering safeguards at its New York branch.

Four mortgage insurers have been ordered by the Consumer Financial Protection Bureau to pay $15 million in penalties and halt alleged kickbacks to mortgage lenders in exchange for business.

The Federal Reserve Board approved the final rule that outlines the standard regulators will use to determine if a nonbank is systemically important.

The Consumer Financial Protection Bureau announced four enforcement actions Thursday against mortgage insurers, ordering them to pay $15 million in penalties and stop "improper kickbacks" to mortgage lenders in exchange for business.

FHFA's decision to sell foreclosures in bulk is hindering the rising Hispanic consumer segment, along with other first-time buyers, from driving a healthy housing rebound.

The independent foreclosure review process was disorganized, ineffective and inconsistent, according to a draft report by the Government Accountability Office.

The Florida Attorney General’s office is investigating College Education Services LLC, a company that markets relief from student debt.

Instawallet, a Bitcoin wallet service, has "suspended indefinitely" because of fraudulent access, according to a notice on the company’s website today. It is the latest in a series of attacks and glitches to afflict businesses that work with the digital currency.

The plan, which was first reported by the Washington Post, sounds similar to a framework the Federal Housing Finance Agency unveiled in September to help alleviate mortgage lenders' concerns about exposure to bad loans.