Regulation

In a court filing this week, the Department of Justice rejected a Texas bank's claim that the Dodd-Frank law, and the CFPB in particular, were unconstitutional and harmful to financial institutions.

A bill that would exempt homeowners from having to pay taxes on principal reductions and other forms of debt cancellation will expire at the end of the year if Congress doesn't pass an extension.

As the Consumer Financial Protection Bureau streamlines mortgage disclosure forms, banks worry that the proposed simplification may become a burden.

All mortgage lenders should voice their objection to the NMLS' efforts to include non-mortgage industries such as pawnbrokers, debt collectors and even used car financing companies in its registry.

The Federal Home Loan Bank of New York announced Tuesday that it would stop processing international wire transfers as a result of a new rule from the Consumer Financial Protection Bureau.

The Consumer Financial Protection Bureau is "attempting an ambitious project required under Dodd-Frank to consolidate overlapping disclosures," writes American Banker's Joe Adler.

Citing several lawsuits as evidence, activists say the bank's "abusive" lending practices triggered waves of foreclosures in low-income neighborhoods.

Housing industry officials applauded the CFPB's bid to streamline mortgage disclosures, but they are now expressing concern about the more inclusive APR requirements and limits on changes in costs that can vary over time.

Assets held by money market funds, private equity firms and other entities that make up the so-called shadow banking system stood at $67 trillion worldwide at the end of last year, according to new report by the Financial Stability Board. Supporters credit shadow banks with providing valuable services; critics warn that their lack of oversight poses systemic risk. One certainty is that they're big, with half as many assets as conventional banks, by FSB's count. Here's a look at how it defines shadow banks.

Credit Suisse becomes the latest institution charged with fraud involving mortgage securities in an investigation that is expected to involve others.