Regulation

NCAL Bancorp in Los Angeles and Raton Capital in New Mexico have been hit with enforcement orders from the Federal Reserve Board that require them to stabilize their ailing bank subsidiaries.

C&F Financial (CFFI) in West Point, Va., has repurchased all the shares it issued to the Treasury Department in 2009 and now just needs to buy back its warrant to exit the Troubled Asset Relief Program.

An estimated 577 lawsuits were filed against debt collection agencies and creditors in the March 16-31 period, including 525 Fair Debt Collection Practices Act (FDCPA) cases and 71 Fair Credit Reporting Act (FCRA) cases, according to data from U.S. District Courts. Some lawsuits cited more than one alleged violation.

A report from the Special Inspector General for Tarp said Treasury didn't do enough to facilitate participation in the Hardest Hit Fund, which has distributed just 3% of the funds available to struggling borrowers in the two years since it was created.

A U.S. district court has halted an operation that allegedly collected phantom payday loan debts that consumers either didn't owe to the defendants or didn't owe at all.

More than one month after the Oklahoma Senate passed the Bartmann Ethical Debt Collection Act by a 40-2 vote, the state's House of Representatives has referred the bill for additional study.

In its latest survey of economic conditions, the Federal Reserve said more bankers experienced higher loan demand by businesses and consumers.

The Federal Deposit Insurance Corp.'s two newest board members are expected to begin work at the agency on Monday, an agency spokesman said.

Gift card marketers are joining forces to oppose a New Jersey law that would cause headaches for retailers.

Students will now be able to compare individual financial aid offers from different colleges using an interactive, online worksheet developed by the Consumer Financial Protection Bureau.