Policy & Regulation

Commerce National Bank & Trust in Winter Park, Fla., has entered into a consent order with the Officer of the Comptroller of the Currency that requires it to clean up its loan portfolio and bolster its capital levels.

Bank of America Corp. has stopped selling some residential mortgages to Fannie Mae, saying that it let its contract expire in part due to ongoing disputes over mortgage repurchase claims.

The Consumer Financial Protection Bureau received about 2,300 complaints from borrowers about mortgage servicers in December, and that pace has been steady ever since, a senior advisor at the agency said Wednesday.

A push by the nascent consumer bureau to make a small fix to the Dodd-Frank Act is drawing favorable reviews from the banking industry.

Banks strategizing about the best ways to unload real-estate owned properties face tough choices on whether to pay for costly repairs, auction off homes or attempt to sell them to investors.

A California judge gave former IndyMac Bancorp. Chief Executive Michael Perry time to appeal a ruling that puts him in the crosshairs of a $600 million lawsuit accusing him of negligence for signing off on risky mortgages at the time of the housing collapse.

The agency's research on the sector includes some larger institutions that still fit the community bank mold, while discounting smaller banks with a narrow focus.

Consumer advocates and others urge banks to improve overdraft disclosures, press CFPB's Cordray to regulate Wal-Mart.

WASHINGTON–The Consumer Financial Protection Bureau's announcement Feb. 22 that it was targeting overdraft-protection practices was a stark reminder for bankers that even if they have already made significant changes, it is likely not enough.

NEW YORK–Bankers, consumer advocates and other industry members gathered on Feb. 22 to hear officials from the Consumer Financial Protection Bureau outline their concerns about overdraft practices.