Regulation

Consumers soon will be paying more for government-backed mortgages now that the House and Senate have reached a deal extending a payroll tax break for two months.

An outrush of deposits from foreign bank operations in the U.S. has forced them to cut their balance sheets by a fifth since midyear, but they still managed a 3% increase in business loans.

"I'm not sitting here being cautious awaiting some confirmation hearing," the acting director says. "I'm going ahead and doing this the way I think the law frames it."

MutualBank in Muncie, Ind., has received regulatory approval to convert from a federal savings bank to a state commercial bank.

More than 120 House members, most of them Republicans, are asking regulators to push back their schedule for implementing the Volcker rule's restrictions on proprietary trading.

First Midwest Bancorp Inc. in Itasca, Ill., said Thursday that it paid $900,000 to repurchase a warrant it had issued to the Treasury Department as part of its participation in the Troubled Asset Relief Program.

The California attorney general's lawsuit against Fannie Mae and Freddie Mac raises questions about preemption and the FHFA's authority, but seems unlikely to produce revelations about foreclosures.

The divide between Democrats and Republicans over the future of the Consumer Financial Protection Bureau is so vast that it's preventing them from approving key financial appointees who the parties otherwise agree on.

A federal court has ordered an individual behind a payday lending scheme and two companies he controlled to pay $294,536 for illegally trying to garnish borrowers’ wages, and for using other illegal collection practices.

With the settlement talks over foreclosure violations inching closer to a final deal, two members of Congress are urging the Justice Department not to approve any deal that releases servicers from violations of the Servicemembers Civil Relief Act.