Policy & Regulation

The operators of a credit repair company have been charged by the Federal Trade Commission with making false statements to credit bureaus about information in consumers’ credit reports, and illegally collecting fees from consumers before performing services.

In less than a year, the insurance giant has gone from aiming for the top five in home lending to putting its origination business on the block.

Independent ATM operators are launching a new legal strike against Visa Inc. and MasterCard Inc., seeking to toss out standardized access fees imposed by the companies.

The economic pain inflicted on millions of citizens and businesses by the collapse and eventual bailouts of some of Wall Street’s largest financial firms reveals why community banks should continue to distinguish themselves from systemically risky financial firms.

Proponents of national servicing standards aren't gaining much traction in their efforts to eliminate conflicts of interest.

A new examination manual from the Consumer Financial Protection Bureau highlights a chapter on procedures for evaluating mortgage servicers.

The Federal Reserve on Thursday announced a prompt corrective action against Anchor Commercial Bank in Juno Beach, Fla., after the bank failed to provide the Fed with an acceptable capital restoration plan.

Independent ATM operators and a trade association have filed a new suit charging that Visa Inc. and MasterCard Worldwide network rules unlawfully prohibit ATM operators from offering lower prices for transactions over PIN-debit networks that are not affiliated with the two companies.

"Face It, Bankers: You're Not Apple" by Andy Sobel [BankThink, Oct. 11, p. 21] contends banking shouldn't focus on innovation and instead should act like the utility sector. It conjures a Prius-driving straw man who only wants his bank to deliver cash from the ATM – "a human right," as utilities deliver water from the faucet.

With millions of American homeowners living under a Sword of Damocles otherwise known as foreclosure, expect to see more protestors turning out to block evictions and sheriff’s sales.