Policy & Regulation

More than 120 House members, most of them Republicans, are asking regulators to push back their schedule for implementing the Volcker rule's restrictions on proprietary trading.

First Midwest Bancorp Inc. in Itasca, Ill., said Thursday that it paid $900,000 to repurchase a warrant it had issued to the Treasury Department as part of its participation in the Troubled Asset Relief Program.

The California attorney general's lawsuit against Fannie Mae and Freddie Mac raises questions about preemption and the FHFA's authority, but seems unlikely to produce revelations about foreclosures.

The divide between Democrats and Republicans over the future of the Consumer Financial Protection Bureau is so vast that it's preventing them from approving key financial appointees who the parties otherwise agree on.

A federal court has ordered an individual behind a payday lending scheme and two companies he controlled to pay $294,536 for illegally trying to garnish borrowers’ wages, and for using other illegal collection practices.

With the settlement talks over foreclosure violations inching closer to a final deal, two members of Congress are urging the Justice Department not to approve any deal that releases servicers from violations of the Servicemembers Civil Relief Act.

The Justice Department announced Wednesday that it has reached a $335 million settlement with Countrywide, now owned by Bank of America, in the largest fair lending action in history.

Now that the Office of Thrift Supervision has been eliminated, First Federal Savings and Loan Association in Charleston, S.C., does not see much reason to retain its federal charter.

The Office of the Comptroller of the Currency's quarterly mortgage metrics report found that new foreclosures increased 21% in the third quarter, and will remain at the current levels as servicers work through a large overhang of seriously delinquent mortgages.

Occupy Wall Street will enlist the aid and support of B, C, and D-list celebrities in numerous REO takeovers around the country. And other bold predictions.