Policy & Regulation

Treasury Secretary Tim Geithner called on the Senate Thursday to act soon to confirm a director of the Consumer Financial Protection Bureau. Senate Democrats may hold a vote as early as next week.

"There can be little doubt that financial stability issues have risen to the top of the agenda for the major central banks."

In testimony before Congress, Shaun Donovan acknowledges that FHA's reserves could be depleted if housing prices keep falling. But he says the agency has tools available to shore up its financial condition, if they become necessary.

Two regulators-turned-consultants, invoking a famous Ronald Reagan quote, are really "here to help" this time.

With customers awaiting claims stemming from bankruptcy of derivatives firm, lawmakers urge tougher rules on segregating funds.

The CFPB, Treasury, and SIGTARP have formed a task force to target mortgage modification scams.

Rep. Barney Frank, the lead Democrat on the House Financial Services Committee, said he doesn't see Republicans budging on their demands for the Consumer Financial Protection Bureau any time soon, and expects that the confirmation of its first director will depend on the election next year.

Total lawsuits filed in the U.S. this year citing alleged Fair Debt Collection Practices Act (FDCPA) violations reached 10,402 through mid-October, well ahead of last year's pace when the 10,000 mark was reached on Dec. 1, according to WebRecon LLC, a Grand Rapids, Mich.-based company that tracks the data from the courts.

Massachusetts Attorney General Martha Coakley on Thursday sued five national mortgage lenders — Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial — alleging their foreclosure practices were unlawful and deceptive.

The Federal Trade Commission this week is sending an estimated $90,000 in total refunds to 2,900 victims of a company that allegedly marketed worthless debt management services, before being found in contempt for violating a court order barring its activities.