Regulation

Bank of America and JPMorgan Chase are the latest servicers to say they have fulfilled their obligations related to the national mortgage settlement. The five servicers covered by the deal say they have provided more than $50 billion in consumer relief, double what was required.

The Federal Reserve Board has released Fentura Financial in Fenton, Mich., from an enforcement action.

With the fate of debit interchange rates wrapped tightly in legal red tape, the payments industry is facing uncertainty at a time it can least afford it.

Efforts to overhaul the mortgage finance system are gaining momentum, but key logistical hurdles remain as lawmakers prepare to return from the August recess.

Fannie Mae was able to extract an $11.6 billion mortgage-repurchase settlement from Bank of America (BAC) this year — its largest to date — because the bank needed Fannie's approval to sell billions of dollars in servicing rights.

By advocating for their outdated tax exemption, credit union lobbyists are advocating for a tax increase on every business in America.

Several money transmitters are offering their state licensing portfolio to emerging payments agents, allowing them to get to market quicker — but startups lose some autonomy if they go this route.

Fannie Mae used its authority over Bank of America's sales of mortgage-servicing rights to resolve a bitter dispute involving mortgage repurchases, the inspector general of the Federal Housing Finance Agency says.

Things are bad, very bad, for the large banks when the Atlantic magazine runs this headline: "Did Bank of America's Long Hours Kill a Summer Intern?"

Steve Bartlett is joining Treliant Risk Advisors early next month. It'll be a part-time gig, but the former Financial Services Roundtable CEO plans to make Treliant his home base for the range of consulting work he's picked up since leaving the Roundtable late last year.