Compliance

Sage Bank in Lowell, Mass., has agreed to pay about $1.2 million to settle Justice Department allegations of discrimination against minorities in mortgage lending.

NCUA banned six individuals from being involved in the running of a federally insured financial services institution.

The tiny Cleveland-based credit union is the ninth federal insured CU to be liquidated in 2015.

Despite the House Financial Services Committee's passage of a bill to convert the Consumer Financial Protection Bureau's leadership structure from a single director to a commission, Democrats have largely opposed the bill.

The Senate is the next battleground for legislation requiring the Consumer Financial Protection Bureau to rescind 2013 guidance on indirect auto lending, but the bill may do nothing to slow enforcement efforts.

The Senate is the next battleground for legislation requiring the Consumer Financial Protection Bureau to rescind 2013 guidance on indirect auto lending, but the bill may do nothing to slow enforcement efforts.

American Express Co., the largest credit-card issuer by purchases, said it will cut 45 jobs in its enterprise growth unit next year as part of a reorganization.

A report released by Republicans on the House Financial Services Committee accuses the CFPB of willfully overstepping the law to punish indirect auto lenders for alleged discriminatory practices that, the report says, are fair business.

The head of the Independent Community Bankers of America fires a legal warning at NCUA and says relations between the two industries has never been more strained.

The National Credit Union Administration issued a comprehensive report Monday defending the agency's risk-based capital rule and urging lawmakers to make several legislative changes.