Regulation

Lawsuits citing Fair Debt Collection Practices Act (FDCPA) violations reached 10,788 this year through Nov. 30. Last year, the 10,000 mark was reached on Dec. 1.

A top OCC official faced sharp questions about the ties between mortgage servicers and the consultants that are reviewing their past business practices.

The Office of Financial Research, established by the Dodd-Frank Act to help regulators identify and thwart systemic risk events, faces a daunting task.

Mortgage industry members are applauding Congressional efforts to raise the guarantee fees that Fannie Mae and Freddie Mac charge lenders, saying the fee increases could help bring private investors back into the mortgage market.

The FDIC has served as the receiver on 90 banks so far this year, well below analysts' expectations. Still, observers say another 200 banks are at risk of failure over the next two years.

Agency had originally sought much more in case stemming from 2008 failure, but officials say deal still provides creditor relief.

The silence is almost deafening.

Washington Mutual Inc. unveiled a new proposed settlement with shareholders who have held up confirmation of its Chapter 11 plan and a $7 billion payday for creditors.

Bond insurer MBIA Inc. will pay Morgan Stanley $1.1 billion to settle a two-year-old legal clash over guarantees tied to commercial and residential real estate, according to a person familiar with the matter.

Members of the Senate Banking Committee voiced concerns Tuesday over a series of reports from a government watchdog that identified flaws in the FHFA's oversight of Fannie Mae and Freddie Mac.