Regulation

Goldman Sachs Group Inc. agreed to pay $3.15 billion to repurchase residential mortgage-backed securities to resolve federal claims tied to the sale of the bonds to Fannie Mae and Freddie Mac.

While new government guidance is intended to make banks more willing to do business with legal marijuana dealers, in practice it creates a new set of headaches for bankers.

Goldman Sachs is in the final stages of negotiating $1.1 billion settlement with the Federal Housing Finance Agency, according to a news report Friday.

WASHINGTON — The Consumer Financial Protection Bureau has finalized revisions to its international money transfer rule that will provide certain remittances with a longer exemption.

In addition to key races important to the banking policy agenda, the larger contest for which party controls the Senate could also affect legislative efforts relevant to the industry.

The Financial Stability Oversight Council plans to regulate the asset management industry by targeting activities that pose systemic risk rather than the companies themselves. Regulators should take the same approach with life insurers, according to former U.S. Sen. Dirk Kempthorne.

Financial institutions and industries targeted by Operation Choke Point should expect to see a dramatic increase in the issuance of administrative subpoenas or civil investigative demands.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

The Consumer Financial Protection Bureau has chosen a dozen firms involved in the mortgage industry for a pilot program looking at whether electronic fillings can improve the mortgage closing process.

Federal Housing Administration Commissioner Carol Galante signaled more affordable FHA financing could be coming as the agency’s insurance fund improves.