Policy & Regulation

Oklahoma Attorney General Scott Pruitt says his 49 counterparts exceeded their authority by pushing for principal reductions. So he’s entered into a separate settlement in which banks would pay $18.6 million.

The House version of the STOCK Act does not require political intelligence firms to register as lobbyists. Now Senate Majority Leader Harry Reid must decide whether to fight for the provision.

The $25 billion 'robo-signing' settlement with five major servicing banks announced Thursday morning could yield nearly $35 billion in principal reductions, according to Housing and Urban Development secretary Shaun Donovan.

WASHINGTON — President Barack Obama praised the "landmark" $25 billion settlement between federal and state authorities and the top five mortgage servicers, saying it would "begin to turn the page on an era of recklessness that has left so much damage in its wake."

Banks have been successful at beating back legal challenges to credit card payment protection plans. The Consumer Financial Protection Bureau could change that.

WASHINGTON – Following on the announcement of a $25 billion settlement between state and federal agencies with the top five mortgage servicers, the Federal Reserve Board announced it was levying a $776.5 million fine against the firms' parent companies for failing to properly oversee their subsidiaries.

State and federal authorities held a press conference to announce a $25 billion settlement with the five largest mortgage servicers, and provided key details on how the money was being distributed and the amounts each institution is expected to pay.

The Pulse electronic funds transfer network has launched a Debit Regulations Resource Center that will provide information on debit-related legislation, regulations and compliance matters, the Discover Financial Services unit announced Feb. 9.

Freddie Mac's CEO responds to the NPR-ProPublica report that his company "bet against" homeowners.

After months of wrangling, California and New York's attorneys general have joined a settlement with the top five mortgage servicers. Final details of the plan are scheduled to be released this morning.