Regulation

The Consumer Financial Protection Bureau on Thursday sued TCF National Bank for what the bureau said were deceptive and abusive practices in selling overdraft services.

Bankers are sure to pounce on the chairman’s statement that this could 'change what it means to be a credit union.'

The global money transmitter will pay $586 million and implement an anti-fraud program in order to resolve allegations that it enabled widespread misconduct by some of its employees.

"There is an added sense of urgency now," says Barbara Roper, director of investor protection at the Consumer Federation of America.

In his confirmation hearing, Treasury Secretary-designate Steven Mnuchin said he wanted to work with both parties to find a “bipartisan fix” for the housing finance system.

Representatives from CUs in the U.S., Ireland, Brazil and Canada were on-hand to discuss a potential carve-out for FIs and other cooperatives.

It should surprise no one that the cybersecurity rules regulators are drafting are simplistic and written in one size to fit all.

House Republicans charge CFPB director broke federal law in effort to fire him; consulting firms total the costs and savings from technology; German chemist finds the secret behind money's aroma.

In a candid, in-depth exit interview, Ted Tozer discusses Ginnie Mae's growth during his seven years at the agency's helm, the need for comprehensive housing finance reform, big banks' retreat from mortgages, counterparty risk management and more.

Justin Newton, founder and CEO of Netki, discusses the barriers to commercialization of bitcoin, how his startup is trying to solve the problem, why private blockchains are useful and why public ones will eventually become more valuable.