Regulation

Maryland regulators have suspended the collection licenses of LVNV Funding LLC and Resurgent Capital Services and ordered them to stop collecting from consumers in the state.

The FDIC has filed a lawsuit against former directors and executives at the failed Mutual Bank, claiming, among other things, that $250,000 was spent on a lavish wedding that management detailed as a bank function.

A watchdog agency said Monday the Federal Reserve Board could have done more to document the basis for its 2008 bailout of insurance giant American International Group Inc.

Fannie Mae Monday morning confirmed to National Mortgage News that its multifamily unit is the subject of an Inspector General probe being conducted by the Federal Housing Finance Agency.

Although they will not be supervised by the Consumer Financial Protection Bureau, executives of small financial institutions told a congressional panel Monday they remain uneasy about the effect the bureau will have on their businesses.

The debit card fee dominoes are falling, leaving Bank of America Corp. increasingly alone in its controversial effort to make customers pay for using their debit cards.

The debit-card fee dominoes are falling, leaving Bank of America Corp. increasingly alone in its controversial efforts to make customers pay for using their debit cards.

The Republican presidential contenders have begun to coalesce around a rough consensus on financial issues, which rejects not only the record of the Obama administration, but also some key accomplishments of George W. Bush's administration.

On financial policy, the Republican presidential field has been gravitating to the right. Here is a look at where several of the contenders stand on key issues.

Wells Fargo & Co. on Oct. 28 became the latest big bank to abandon plans to start charging customers for using debit cards in the wake of a widespread backlash against new bank fees.