Policy & Regulation

Consumers sued a total of 498 different collection agencies and creditors in the Oct. 16-31 period, down from 597 in the first half of October, according to data from U.S. District Courts.

In the first criminal case involving robo-signing of mortgage documents, Nevada's attorney general filed charges Wednesday against two people accused of filing tens of thousands of false documents.

The Treasury and the banking industry would like nothing better than to see more credit unions convert to taxpaying banks. This is hardly going to happen if CUs perceive the OCC as an inhospitable regulator of their mutual form.

Risk management expert Clifford Rossi looks at two recently released documents on the FHA, which he says together "bear ominous warnings about a portfolio in excess of $1 trillion."

Financial Services chairman says he never used insider information in making trades, and the market's poor state in 2008 was well-known.

Regulators are writing massive, complex rules that will be impossible to enforce. Editor at Large Barbara A. Rehm offers an alternative.

American Banker's editors discuss Wal-Mart's latest attempt to eat bankers' lunch.

Card data security risks for online merchants or those operating payment schemes via cloud computing will get much attention next year from the Payment Card Industry Security Standards Council.

The special inspector general for the Troubled Asset Relief Program said Wednesday that it worked with Google to suspend advertising for a slew of alleged online mortgage modification scams.

Anemic household expenditures this year heightened anxiety that the economy would stall out, but growth in spending on plastic has remained healthy. An increased appetite for big-ticket items among households that are surviving the malaise probably explains much of the phenomenon.