Policy & Regulation

Rep. Elijah Cummings is calling on the House Oversight Committee to use its powers to issue subpoenas to regulators to obtain copies of "engagement letters" agreed upon between mortgage servicing companies and firms hired to review their past foreclosure abuse.

Bankers warn that a proposal to require them to report interest earned by individual foreign depositors could cause bank runs in certain areas.

Recent predictions of the demise of branch banking can sound like the premature eulogies that have been floated since the advent of the Internet, but data suggests that a fundamental shift may be underway.

Visa Inc. next year plans to ramp up a series of incentives for merchants and acquirers, as the world's largest payments network braces for new regulations that are expected to cost it some debit transactions.

WASHINGTON - Two Florida bank executives and one bank borrower were sentenced to federal prison Tuesday and ordered to pay nearly $100 million for attempting to defraud the Troubled Asset Relief Program.

WASHINGTON - Lawmakers are questioning Bank of America's recent transfer of derivatives from its Merrill Lynch subsidiary to its retail bank subsidiary.

Thirty-three Senate Democrats said the Obama administration should "quickly and diligently" analyze industry comments to finalize a plan to help turn foreclosures into rental properties.

A key Republican released a new set of reforms designed to encourage the return of the private mortgage market after the eventual elimination of Fannie Mae and Freddie Mac.

A U.S. district court halted a collection operation that allegedly deceived and abused consumers, including making bogus threats that consumers had been sued or could be arrested over debts they often did not owe.

Roughly 400 banks remain in Tarp, and it's not at all clear how they're going to get out, the special inspector general for Tarp said in a new report.