Policy & Regulation

Discover Financial Services (DFS) has agreed to refund hundreds of millions of dollars to settle a regulatory probe of its credit card marketing practices.

Republican presidential candidate Mitt Romeny released a housing white paper Friday, calling for GSE reform and repeal of Dodd-Frank.

While legal experts still question the suit now taken up by Michigan, Oklahoma and South Carolina, their participation helps to build momentum in the legal fight over Dodd-Frank.

Standard Chartered Bank has finalized a $340 million settlement with New York's top banking regulator to settle charges the bank laundered hundreds of billions of dollars for banks and others in Iran.

Members of Technology Credit Union rejected management's plan to convert to a mutual thrift. The vote has led to renewed criticism about the National Credit Union Administration's role in conversion votes.

Ohio regulators sued Sylvania, Ohio-based Collection & Recovery Bureau for allegedly using collection tactics banned by federal law.

Will lenders get a safe harbor against borrower lawsuits about underwriting in the "qualified mortgage" rule? Or will the CFPB opt for a "rebuttable presumption"? The agency's director says the differences between the two are "in some ways overstated." Either way he promises some bright lines to "minimize litigation risk."

The House Ethics Committee indicated that it will find the California Democrat did not violate any ethics or House rules at a hearing Friday, though her grandson and chief of staff could receive a letter of reproval.

Trading revenues at commercial banks fell 73% in the second quarter from a year earlier, due in part to a $2 billion loss by Jamie Dimon's JPMorgan Chase.

The National Credit Union Administration has announced that Gigi Hyland is resigning from its three-member board on Oct. 5.