Regulation

Deutsche Bank's former subsidiary MortgageIT has agreed to pay $12.1 million to settle claims that it discriminated against African-American and Hispanic consumers seeking mortgage loans, the U.S. Department of Housing and Urban Development said Tuesday.

The directive bars banks that do business with Fannie and Freddie from receiving commissions from insurers, but still lets insurers provide services for free or at a reduced cost.

The Consumer Financial Protection Bureau continues to investigate several auto lenders for potential fair-lending violations.

The Senate Banking Committee dug into the details Tuesday of how to ensure that community banks retain access to a reformed housing finance system as agreement over a broad approach began to emerge.

By deleting three words from the Dodd-Frank Act, regulatory agencies could "refer to" credit ratings, which certainly makes sense, while never "requiring reliance" on them, which doesn’t.

The Federal Deposit Insurance Corp. is pushing for changes to derivatives contracts that would make it easier to wind down a major bank.

ACI Worldwide completed its $109 million acquisition of electronic billing technology developer Official Payments Holdings.

The Federal Housing Finance Agency told Fannie Mae and Freddie Mac to end reimbursements to mortgage servicers for expenses related to captive reinsurance arrangements.

Lael Brainard, the Treasury Department's top international official, is likely to be nominated to the Federal Reserve Board, according to a person familiar with the decision who requested anonymity.

HSBC dropped out of negotiations to settle a European Union antitrust probe into allegations that banks rigged Euribor lending rates, according to a person familiar with the probe.