Regulation

WASHINGTON — Amerisave Mortgage Corp. and its owner have been ordered to pay more than $20 million for allegedly overcharging borrowers and trapping them in higher interest rates than those advertised.

The Financial Crimes Enforcement Network has proposed forcing banks to identify those standing behind legal entity accounts, but also made a slew of accommodations meant to make the rule more palatable.

Expanded reporting requirements under the Home Mortgage Disclosure Act will give regulators access to a panoply of sensitive data. Banks should take steps to address any fair lending issues before the new rules take effect, according to Warren W. Traiger.

In a speech Tuesday, the director of the Financial Crimes Enforcement Network will argue that recent guidance for banks regarding the marijuana industry is working as intended. But it's unclear whether banks' concerns about the risks have been addressed.

The Consumer Financial Protection Bureau issued a warning to consumers about the danger of digital currencies, sparking questions about whether the agency could soon seek to write new rules in that area.

The Consumer Financial Protection Bureau issued a warning to consumers Monday about the danger of digital currencies, sparking questions about whether the agency could soon seek to write new rules in that area.

The Consumer Financial Protection Bureau weighed into the debate about the future of digital currencies like Bitcoin, issuing a warning Aug. 11 that they pose significant risks to consumers.

Galante's impending departure may signal that the recovery of the federal mortgage insurance fund is nearly complete and an upcoming report will shows a healthy capital level.

The Consumer Financial Protection Bureau waded into the debate about the future of digital currencies like Bitcoin, issuing a warning Monday that they pose significant risks to consumers.

Regulators need to provide clear standards as to what constitutes an acceptable living will, according to the American Enterprise Institute's Abby McCloskey and Paul H. Kupiec.