Regulation

If banks and supervisors are serious about achieving regulatory excellence, they need to make the people in charge of product lines take ownership of compliance.

New York Attorney General Eric Schneiderman asked a judge to dismiss American International Group Inc.'s lawsuit against the state's top financial regulator, saying the insurer is trying to interfere with a probe of unlicensed overseas insurance sales.

The Senate voted to end debate Tuesday evening on the nomination of Stanley Fischer to serve as vice chairman of the Federal Reserve Board.

The consensus on Twitter is that a $2.6 billion fine for helping wealthy Americans evade taxes is not punishment enough for the Swiss banking giant.

The Justice Department likely hopes that Credit Suisse's guilty plea to a criminal charge will squash the idea that some large institutions are too important to the economy to prosecute. But experts say the issue is more complicated than that, arguing that the debate will live on. Here's why.

The Consumer Financial Protection Bureau is urging companies that use credit scoring models to treat medical debt differently than other debt.

Federal Reserve Bank of New York President William Dudley said the pace of eventual interest rate increases "will probably be relatively slow," depending on the economy's progress and how financial markets react.

Mortgage servicers and troubled homeowners may be losing faith that Congress will pass legislation saving borrowers from paying a tax penalty when they do a short sale.

Banks' have a new worry on the payday lending front besides the government's Operation Choke Point: lawsuits filed by consumers. Eleven financial institutions been hit with private suits that accuse them of helping online payday lenders break the law.

New York regulator Benjamin Lawksy plans to expand an investigation into the affiliated businesses of nonbank servicers and to eliminate several layers of review for mortgage bankers to apply for a license or a new branch location.