Regulation

Goldman Sachs (GS) and Morgan Stanley (MS) will pay a combined $557 million to settle allegations they mishandled foreclosures that followed the housing crisis.

Cost control will sharpen further in 2013, given continued pressure from low interest rates and loan competition, U.S. Bancorp says. Other banks will face similar challenges.

David Stevens, president and chief executive of the Mortgage Bankers Association, highlighted several critiques of the CFPB's final QM rule during a speech on Wednesday.

Lending by bankers to business and consumers remained steady over the most recent quarter, while some districts reported stronger demand for loans than others.

The FDIC's point man on resolution planning says early submitters took the effort "seriously," but says process is still in early stages.

Examiners are starting to ask community banks for explain how their technology and staffing are prepared to handle disaster recovery.

In an interview, Morris Morgan, the federal government's point man for the painstaking review of 3.8 million mortgage loans, provided new details about the $8.5 billion deal regulators cut with 10 servicers last week and how it almost fell apart during negotiations.

After seven years at post, Sandra Thompson will step down from her position as the Federal Deposit Insurance Corp.'s supervision chief.

A new paper dredges up a tired argument against the Community Reinvestment Act, which played an important role in sustainably expanding home lending to many Americans. Let's move on already.

If a regulator overreaches its stautory authority, fails to adequately weigh costs against benefits or tries to hold the bank to arbitrary or capricious standards, you've got a case.