Regulation

The Federal Reserve Board on Thursday released details on steps three more mortgage servicers are taking to correct deficiencies in their foreclosure practices.

With at least one success, defendants are attempting to use state "business-judgment" rules to their advantage.

The real fight over the bill, which has long been sought by the banking industry, is still to come in the Senate.

The $25 billion mortgage servicing settlement is "a symbol, a chance to get everyone to agree to solve this," the CEO tells investors.

WASHINGTON — A coalition of associations, led by the U.S. Chamber of Commerce, sent a letter Thursday urging regulators to hold a public hearing on their plans to designate non-bank financial institutions as systemically important.

The idea of banks peddling "exploding toasters" has taken root thanks to industry nemesis Elizabeth Warren.

Regulators have terminated a consent order with Magyar Bancorp Inc.'s banking unit after the New Brunswick, N.J., company reduced its nonperforming assets and increased its capital levels.

The Federal Deposit Insurance Corp. has filed a lawsuit against former officers and directors of Broadway Bank in connection with the bank's collapse two years ago.

WASHINGTON — The Treasury Department said Wednesday it is selling $6 billion of its common stock in American International Group, half of which AIG intends to buy itself at the initial public offering price.

First California Financial Group Inc. in Westlake Village, Calif., has partnered with another company to provide tax refunds on prepaid cards.