Policy & Regulation

Bank of New York Mellon Corp. the trustee that reached an $8.5 billion settlement for investors with Bank of America Corp., is requesting an appeal on a ruling that put the settlement in federal court.

U.S. prosecutors sued Houston-based home-lender Allied Home Mortgage Capital Corp. and two executives for alleged fraudulent lending practices related to hundreds of millions of dollars in government-backed mortgages.

The foreclosure review process mandated by a federal consent order is turning out to be far more punitive and costly than banks and mortgage servicers initially thought, industry sources say.

Months after a phishing attack struck RSA Security's passcode-generating tokens and thus exposed the nation's leading banks to security threats this spring, more than a third of top banks are standing by RSA's product.

Kansas City Fed retiree Tom Hoenig sees better oversight and a decline of SIFI's as the key to a strong financial industry.

The FDIC and Federal Reserve banks are revamping procedures to meet new legislative and regulatory demands.

Maryland regulators have suspended the collection licenses of LVNV Funding LLC and Resurgent Capital Services and ordered them to stop collecting from consumers in the state.

The FDIC has filed a lawsuit against former directors and executives at the failed Mutual Bank, claiming, among other things, that $250,000 was spent on a lavish wedding that management detailed as a bank function.

A watchdog agency said Monday the Federal Reserve Board could have done more to document the basis for its 2008 bailout of insurance giant American International Group Inc.

Fannie Mae Monday morning confirmed to National Mortgage News that its multifamily unit is the subject of an Inspector General probe being conducted by the Federal Housing Finance Agency.