Regulation

The Consumer Financial Protection Bureau said DriveTime, which also has a lending unit, harassed delinquent borrowers and reported incorrect credit data.

A Senate report released Thursday reveals new details about the role certain banks played in the physical commodities markets, specifics that lawmakers say supports the Federal Reserve Board's plans to restrict bank participation in that area.

Only eleven months after cheering Federal Housing Finance Agency Director Melvin Watt's confirmation, Senate Democrats are fed up with the pace of reforms at the agency.

House Republicans are hoping to force the Federal Reserve Board to be more open about its monetary policy decisions and strip away some of its new authorities added by the Dodd-Frank Act, according to Rep. Patrick McHenry, the House's chief deputy whip.

With an eye on eliminating mortgage buybacks and adhering to increasing regulatory compliance obligations, mortgage lenders are redoubling their sales training efforts for both rookie and veteran loan officers.

Wells Fargo announced Wednesday that former Federal Reserve Board Gov. Elizabeth “Betsy” Duke is joining its board of directors.

WASHINGTON — The top Republican and Democratic spots on the House Financial Services Committee will remain unchanged in the new Congress.

Banks need risk managers with a "show me the money" mindset — that is, people who know how to use income statements and balance sheets to sniff out risky business activities.

As digital currencies become increasingly popular in Latin American countries, partnerships between banks and Bitcoin exchanges can help expedite cross-border transfers.

The Federal Housing Administration's mortgage insurance fund is finally in the black, but not strong enough that the agency is likely to lower premiums anytime soon.