Policy & Regulation

Regulators have terminated a consent order with Magyar Bancorp Inc.'s banking unit after the New Brunswick, N.J., company reduced its nonperforming assets and increased its capital levels.

The Federal Deposit Insurance Corp. has filed a lawsuit against former officers and directors of Broadway Bank in connection with the bank's collapse two years ago.

WASHINGTON — The Treasury Department said Wednesday it is selling $6 billion of its common stock in American International Group, half of which AIG intends to buy itself at the initial public offering price.

First California Financial Group Inc. in Westlake Village, Calif., has partnered with another company to provide tax refunds on prepaid cards.

As the election year revs up, political heat on the FHFA head is increasing.

House Democrats sent a letter to Financial Services Committee Chairman Spencer Bachus on Wednesday, formally requesting a hearing on a bill that would eliminate the Federal Reserve Board's statutory responsibility to focus on employment.

Judicial Watch has sued the Federal Housing Finance Agency, claiming that the agency wrongfully denied a request for documents related to a lawsuit over alleged misrepresentations of mortgage-backed securities.

Esther George, the new president of the Kansas City Fed, discusses her fears on overburdening small banks, whether too big to fail is over, and her approach to regulation.

The Federal Trade Commission expanded its case against an allegedly deceptive payday lender, charging that it sought to unfairly and deceptively manipulate the legal system and force consumers to travel to South Dakota to appear before a tribal court that did not have jurisdiction over their cases.

Sen. Grassley criticized the Department of Justice for its record-breaking fair lending settlement with Countrywide, saying it will not have a large enough impact on affected borrowers.