Policy & Regulation

The class-action suit filed on behalf of people who lost money in the scam accuses Bank of America of failing to spot suspicious activity, including deposits of hundreds of thousands of dollars into accounts with small or negative balances.

It is still a long shot that a rival of Mick Mulvaney's will be able to reclaim the agency's top job, but judges have raised questions over whether Mulvaney can keep the position.

Some community banks are partnering with fintech accelerators or creating their own to get on the cutting edge and get a leg up on their competitors.

Ocwen Financial is able to keep the answers to questions from the Consumer Financial Protection Bureau involving the improper handling of escrow accounts confidential, a federal magistrate ruled.

Pass/fail may be replaced by public capital ratio; high court allows company to prevent merchants from favoring other cards.

Five of the year’s biggest deals by value have been announced in the last two months, including some that involve regional banks that have been champing at the M&A bit.

The Consumer Financial Protection Bureau has dropped its investigation into allegations that Zillow Group Inc. violated Section 8 of the Real Estate Settlement Procedures Act.

With more permanent fixes not yet gaining enough traction, recent attempts to clarify marijuana banking rules through appropriations are also falling flat.

The two Wall Street firms anxiously await the second round of stress test results; Commerzbank is working on using technology to generate basic research notes.

The trend may be partly attributable to a strong economy. Growth in high-cost installment lending could also be a factor.