Policy & Regulation

After months of wrangling, California's attorney general is expected to join a settlement with the top five mortgage servicers, and New York may soon follow.

The Obama administration rolled out details of a new plan to help millions of homeowners refinance. For banks, the big question is how much of the tab they'll be required to pick up.

Regulators have ordered the banking unit of AB&T Financial Corp. in Gastonia, N.C., to improve its asset quality and evaluate its allowance for loan losses.

Two leading Democrats raises doubts over acting Acting Federal Housing Finance Agency Director Ed DeMarco's refusal to allow principal reductions for loans backed by Fannie Mae and Freddie Mac.

The simmering battle between banks and credit unions is heating up again, as credit unions revive their push in Congress to allow their industry to make more small business loans.

Capital One Financial Corp.'s agreement to buy ING Direct USA is on track to close this quarter even though the Federal Reserve Board delayed consideration Wednesday, Chairman and Chief Executive Richard Fairbank said.

Credit unions are an aggressive bunch. As if their heavy-handed push to expand into prohibited business lending wasn't enough, it now seems they are adding on another power grab to increase their ability to raise supplemental capital and support investors.

Failure has been the most common way out of enforcement actions in the current cycle, but outcomes may be improving.

Two months after stepping down as Minnesota's top banking regulator, Kevin Murphy has found a new job.

Rather than try to make money market funds safer, David Merkel essentially wants everyone to recognize and admit and deal with the reality that they aren’t safe.