Policy & Regulation

Nearing a deal with five large mortgage servicers to settle allegations of misconduct relating to foreclosures, the Justice Department is now asking other banks that could face charges of their own if they would like to get in on the settlement.

Five community banks, including one in Boston that is a designated community development lender, have received "needs to improve" ratings on their most recent Community Reinvestment Act examinations.

PARK CITY, UTAH¬–Banks are asking for more data from card networks as they attempt to comply with new regulations capping debit card interchange fees.

Peapack-Gladstone Financial Corp. in Bedminster, N.J., announced Monday that it will exit the Troubled Asset Relief Program this week.

Banks are asking for more data from card networks as they attempt to comply with new regulations capping debit card interchange fees, a Capital One executive said.

President Obama on Monday announced the departure of William Daley as White House chief of staff by the end of the month.

Attorneys and consumer advocates gathered at the American Bar Association's winter meeting of consumer financial services attorneys raised various concerns about the CFPB and the impact it will have on federal preemption of state regulations of the bank and mortgage industries.

Over the weekend, international regulators said firms could fall below minimum liquidity requirements in times of stress. But according to the Fed's latest proposal, that may not be the case for U.S. banks.

The affordable housing goals at Fannie Mae and Freddie Mac have become a favorite punching bag for Republican presidential candidates. But as a senator, Rick Santorum pushed to strengthen those goals.

In the months before Bank of America Corp. acquired Countrywide Financial Corp., government officials exchanged emails discussing the beleaguered mortgage lender and rumors that it might collapse.