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Fraud against the elderly is expected to rise as the nation's baby boomers near retirement. Bankers and regulators are keen on trying to get ahead of the issue.
October 16 -
If the states are determined to reform force-placed insurance and the CFPB is determined to reform add-on products, they should propose rules and subject them to meaningful public notice and comment periods.
October 16
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JPMorgan Chase & Co. (JPM) agreed to pay $100 million to resolve Commodity Futures Trading Commission claims that the companys London traders last year deployed a reckless strategy in derivatives.
October 16 -
Sen. Heidi Heitkamp believes the financial industry "isn't just about numbers," and is concerned that the regulations coming out of the 2010 Dodd-Frank Act do not "take into consideration long-term relationship banking."
October 16
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Billionaire investor Warren Buffett said JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon will withstand litigation and legal probes that led his bank to take a $7.2 billion charge in the third quarter.
October 16 -
Bank of America, JPMorgan Chase, Citigroup and Wells Fargo got credit for providing $15.4 billion relief to roughly 420,000 underwater borrowers last year, according to the settlement monitor.
October 16 -
Confusion and panic. Those are the words most often used by lenders when faced with the onslaught of mortgage regulations and other rules going into effect in three months. Regulators have sought to defuse concerns partly by attending industry conferences, but they have also made it clear that several other big changes are on their way. Following is a guide to what's ahead.
October 16 -
The Consumer Financial Protection Bureau is planning a major facelift to its exam procedures. These changes will be designed to make the exam process faster and free up enforcement personnel to pursue their own investigations outside of the regular exams.
October 16
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JPMorgan Chase agreed to pay about $100 million to settle a Commodity Futures Trading Commission probe into the bank's botched derivatives bets last year, according to people briefed on the matter.
October 15 -
In an effort to ease servicers' concerns about communicating with struggling or bankrupt borrowers who invoke certain legal protections, the Consumer Financial Protection Bureau released clarifications to its mortgage servicing rules.
October 15

