Regulation

Banks are behind many of the faulty or nonexistent records that lead collections companies to erroneously demand debt repayments. That was a key message from regulators, consumer advocates and collections insiders at a Thursday panel.

The Consumer Financial Protection Bureau released exam guidelines on how the bureau plans to enforce the recently released mortgage rules.

Regulators said Thursday they have formed a working group to enhance coordination between federal and state banking agencies on cybersecurity.

The Federal Deposit Insurance Corp. said implementation of rules for assessing banks' security portfolios without using external credit ratings will likely demand a "learning curve."

Federal Reserve Board Gov. Sarah Bloom Raskin on Thursday said regulators should move quickly to implement a robust set of capital and liquidity rules to avoid further uncertainty and costs for community banks.

The consumer agency has listened to agency concerns and issued reasonable, measured rules, but it still faces charges that it's unaccountable and out of control.

Three years ago, Visa executives told investors that one of their goals was to enter new businesses, but Visa CEO Charlie Scharf, who joined the company in October, says that is no longer the case.

As the government banishes home loan products deemed unsuitable for most borrowers, why does it continue to backstop one that’s pitched to aging seniors – mainly by nonbank lenders?

The $42 million pact is the first of its kind to resolve complaints that a mortgage servicer treated foreclosed homes differently based on the racial composition of the neighborhood.

The industry is up in arms over a proposal that would require banks to disclose in call reports specific sources of fee revenue. In question is whether the mandate would improve oversight of safety and soundness or instead is aimed at furthering the policy agenda of the Consumer Financial Protection Bureau and consumer advocates.