Regulation

Freddie Mac has picked a former chief executive of an online securities brokerage firm to be its new CEO, according to published reports.

Without solid corporate governance, a bank is rudderless in a sea of competing interests, so efforts to improve it are central to reforming our financial system.

Fannie Mae posted $3 billion in total "comprehensive" income in the first quarter, and then turned around and paid the U.S. Treasury $2.8 billion in dividends, according to figures released Wednesday morning.

The announcement by Bank of America (BAC) of their plan to offer up to 200,000 struggling homeowners a new lease on life for their underwater mortgage through principal reduction at first glance seems like a major step forward in addressing a nearly 5-year old problem.

The more obscure a credit card issuer's pricing and the more aggressive its marketing, the more its losses jumped during the recession, according to a new study from the Center for Responsible Lending.

As Democrats mounted a push to pass refinancing legislation Tuesday, Republicans on the Senate Banking Committee warned against the consequences of leaving them out of the process.

Louisiana has filed a RICO complaint against MERS and a host of megabanks, Bank of America included. Down the line, consumer advocates hope hard-nosed prosecutors can provide what Occupy may not be able to: justice for homeowners.

Frustrated with record-high unemployment levels, some lawmakers are looking to overhaul the central bank's mandate.

The renewed focus on fair lending and UDAP issues, especially with the advent of the Consumer Financial Protection Bureau, is becoming a bigger factor in CRA ratings.

The banking industry suffered credit crises in the 1970s, 1980s, 1990s, and 2000s. An unavoidable conclusion is that its loan loss reserves were in all cases too small.