Retail & Commercial

The event, hosted by the Federalist Society, was largely designed to focus on the CFPB. But former BB&T CEO John Allison used his time to openly argue for ending, or limiting, the Fed.

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WASHINGTON — State regulators in Georgia closed the $125 million-asset Hometown Community Bank in Braselton late Friday, stretching the industry's failure toll this year to 50.

The Consumer Financial Protection Bureau's enforcement actions and remittance rule were hot topics at a panel with agency official Michael Gordon.

To offer credit as a means of promoting savings is a bit like a hospital encouraging people to get sick so they can be healed.

The Consumer Financial Protection Bureau says it will delay the effective date of new disclosures about escrow accounts and other items as the agency crafts a broader overhaul of mortgage forms.

New York's Attorney General has issued a letter demanding that Wells Fargo (WFC) resume processing mortgage modification requests for borrowers in states hit by Hurricane Sandy.

It's common to accuse the payments industry of living in the past, relying on aging systems like paper checks and magnetic-stripe cards. But the future holds some very intriguing changes — and in many cases, it’s already here.

The Lansing, Mich., company has a confirmation hearing on Dec. 4. A delay could prove costly to Capitol's survival; the state regulator has threatened to seize the company's bank in New Mexico on Dec. 20.

Taxpayers are getting a bargain by propping up the cash-strapped Federal Housing Administration.