Regulation

Global Credit & Collection Corp, a New York-based collection agency, is facing a lawsuit for allegedly threatening to sue a Louisiana woman when it did not plan to do so.

VeriFone finished its purchase of the rival terminal maker Hypercom after it reached a settlement with the Justice Department to sell Hypercom's U.S. terminal business to the private-equity firm Gores Group.

President Obama has finally nominated a director for CFPB, but the move came at least a year too late to do the agency any good.

Agency unveils new pilot program for smaller investors wanting to bid on loans.

Recent regulatory developments in the U.S. and the U.K. attempt to reverse efforts to stamp out rating agencies. Their role must be trimmed back and banks must be encouraged to develop standardized methods of calculating risk and capital as a substitute for external ratings.

NetSpend has learned the hard way that tapping into the vast market of underbanked consumers isn’t so easy. Its revenue failed to meet analysts’ estimates and it lost three distributors.

Supporters say the bill is needed to support the nation's weak housing markets.

The Department of Housing and Urban Development has reached a settlement with Bank of America, which releases the company from liability for failing to provide alternatives to foreclosure on 57,000 delinquent government-insured mortgages.

Banking has become a complicated business, and working with regulators and other outside parties such as auditors and shareholders makes it even more so. Management teams, especially directors, increasingly need simpler tools such as dashboard reports and guidelines rather than complex methodologies and models.

Several prominent economists said too big to fail firms are continuing to distort the economy despite efforts in Dodd-Frank to eliminate the problem.