Policy & Regulation

The Consumer Financial Protection Bureau revealed details Thursday about how it plans to examine payday lenders, while Director Richard Cordray said it will move immediately to stop certain practices.

Robert Menendez and three House Democrats are asking the Government Accountability Office to assess whether there are conflicts of interest between banks and the third-party auditors that are reviewing their foreclosure practices.

Democratic Sen. Sherrod Brown is urging federal and state officials not to reach a settlement that allows banks to pass the costs on to investors in mortgage-backed securties.

Glacier Bancorp Inc. in Kalispell, Mont., is planning to collapse its 11 bank subsidiaries into a single commercial bank in a move aimed at streamlining its operations and lowering its overall compliance costs.

A California man pleaded guilty to federal charges of money laundering, mail and wire fraud in connection with a collection agency scam he ran in the state that bilked $2.7 million from customers of clients.

Here we go again. A series of uncoordinated government policies are once more setting up the U.S. banking system for major losses and possibly another financial crisis.

House Democrats who hope to see reductions in mortgage principal as a way to stimulate the economy are turning up the heat on the Federal Housing Finance Agency.

The regulators charged with implementing the Volcker Rule have posed a whopping 1,300 questions to the public, but on Wednesday they fielded one query they seemingly hadn't considered.

The GOP front-runner's record is a mix of free-market principles and deep pragmatism. He supported Tarp in 2008, opposes government intervention in foreclosures, and is less rigid than other Republicans on the question of future bank bailouts.

Former U.S. President Bill Clinton outlined his plan for lenders before a standing-room-only crowd at the NRF show this week in New York. Clinton asked banks to lower mortgage values and interest rates in exchange for a share of the money earned for selling the home in a recovered market.