Policymaking

Lustig, Glaser & Wilson often harassed the wrong consumers, demanded amounts that were not owed, bullied consumers into paying from exempt income, and failed to obtain legitimate documentation of those debts, state officials said.

It is only a matter of time before bankers and policymakers realize that the concept keeping banks and non-financial entities apart no longer has any underlying support.

Regulators need a principles-based approach that seeks to position boards as watchtowers for their banks while not subjecting directors to overly burdensome restrictions.

The federal agency's investigative report concludes that crowdsales of blockchain tokens known as initial coin offerings may need to comply with securities laws.

Former Comptroller of the Currency Eugene Ludwig shares stories from his days as a top regulator during the Clinton Administration and the reasons why bank rules should be reviewed and maybe rewritten.

While Freddie Mac is moving cautiously into buying manufactured housing loans not secured by land, Fannie Mae is moving more aggressively. Industry representatives are divided on which approach is superior.

In recent years, the country’s largest cellphone carriers have begun to experiment with new financing options for smartphones and other devices. That forebodes a deeper interest in financial products.

For the last two years, the central bank has allowed the private sector to drive a process aimed at modernizing the nation's payments system. Now the Fed will have to determine what its own role will be.

House Financial Services Committee leaders and two top real estate trade groups have cut a deal on a bill to reform the National Flood Insurance Program.

An influential task force established by the central bank envisions a future in which the U.S. has multiple real-time payment systems, and in a new report it lays out a series of actions that will be necessary to stitch them together.

Sen. Elizabeth Warren, D-Mass., sharply criticized the new acting head of the Office of the Comptroller of the Currency as part of a report Thursday detailing how industry executives and lobbyists have joined the Trump administration.

Regional banks are hoping that recent comments by Fed Chair Janet Yellen can add fuel to their efforts to replace the $50 billion asset threshold for systemically important banks with a regulatory indicator test.

House Republicans are ramping up their criticism of the Fed for making interest payments to member banks on excess reserves, and may have identified a way to counter claims that the payments are critical to monetary policy.

Senate Banking Committee leaders are hoping to pass the bill quickly ahead of a looming deadline of Sept. 30 when the program expires.

The Department of Housing and Urban Development is implementing reforms to its reverse mortgage program and providing more counseling resources for seniors who are considering the product, Secretary Ben Carson said Monday.

The FDIC’s inspector general criticized how vacancies were announced and how applications were reviewed for openings in the Division of Resolutions and Receiverships.

The Trump administration's choice to become chairman of the Federal Deposit Insurance Corp. has asked the White House to withdraw his nomination.

The procedures manual follows other steps the Federal Deposit Insurance Corp. has taken to try to clarify its process for evaluating charter bids.

The Office of the Comptroller of the Currency told a somewhat familiar story Friday about the industry's risk environment.

If HSBC reaches an agreement with the government, it could give an early indication of how the Trump administration will levy financial penalties.