Policy & Regulation

Citigroup's Michael picks a team much like him, the Consumer Financial Protection Bureau weighs in on force-placed insurance and banks release good-news, bad-news earnings reports.

The Minnesota Department of Commerce closed the $50.2 million-asset 1st Regents Bank in Andover on Friday.

Defendants in the Federal Trade Commission’s case against Rumson, Bolling & Associates agreed to a settlement that permanently bans them from the debt collection business.

The CFPB issued rules Friday that ban compensation to mortgage originators based on loan terms, such as higher interest rates or a high-cost loan. The rule is meant to prevent lenders from steering borrowers into riskier loans for a higher payouts.

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Comptroller Tom Curry discusses whether Dodd-Frank ended "too big to fail," the blowback from community banks on Basel III, how he views preemption and lessons learned from the foreclosure settlement.

WASHINGTON — The Consumer Financial Protection Bureau will require mortgage lenders to release free copies of home appraisals to borrowers as part of several appraisal rules released this week.

U.S. Century Bank in Doral, Fla., sold about $120 million of loans in the fourth quarter of 2012.

Barney Frank is not the only person who thinks he would be a suitable temporary senator. His bid has now drawn the attention of a group that backed the Senate candidacy of Elizabeth Warren, architect of the Consumer Financial Protection Bureau.

As the U.S. continues its conversion to EMV chip-card technology, the Durbin amendment's requirement for supporting multiple debit networks is presenting yet another challenge to overcome.