Policy & Regulation

Just a week after overhauling how mortgages are underwritten, the Consumer Financial Protection Bureau was set Thursday to unleash an additional series of rules dictating extensive new requirements for mortgage servicing.

Dallas Fed President Richard Fisher took his fight against Too Big to Fail one step further Wednesday night, laying out his plans for dismantling the industry's giants.

State and federal authorities are taking a hard look at how banks collect consumer debts. A multi-billion dollar market may be remade through tighter rules or enforcement actions.

No, the standards weren't "watered down," media hype notwithstanding. But the Basel Committee is considering a complete pass for banks with government lifelines. This would enshrine "too big to fail."

Goldman Sachs (GS) and Morgan Stanley (MS) will pay a combined $557 million to settle allegations they mishandled foreclosures that followed the housing crisis.

Cost control will sharpen further in 2013, given continued pressure from low interest rates and loan competition, U.S. Bancorp says. Other banks will face similar challenges.

David Stevens, president and chief executive of the Mortgage Bankers Association, highlighted several critiques of the CFPB's final QM rule during a speech on Wednesday.

Lending by bankers to business and consumers remained steady over the most recent quarter, while some districts reported stronger demand for loans than others.

The FDIC's point man on resolution planning says early submitters took the effort "seriously," but says process is still in early stages.

Examiners are starting to ask community banks for explain how their technology and staffing are prepared to handle disaster recovery.