American International Group announced $3.6 billion in new costs to fill a reserve shortfall and said it will hold an initial public offering for its mortgage insurer and sell an adviser network as Chief Executive Peter Hancock seeks to boost returns and protect his job after criticism from activist investor Carl Icahn.

A JPMorgan Chase unit has reached an agreement to pay $1.42 billion to resolve claims it took advantage of its status as Lehman Brothers Holdings' primary lender to unfairly extract cash and position itself ahead of other creditors in Lehman's bankruptcy.

Bank of America and nine other banks have agreed to pay about $63 million to settle claims they misled the state of Virginia into buying faulty residential mortgage-backed securities.

The Consumer Financial Protection Bureau is receiving more pushback than fellow financial regulators from companies it hits with enforcement orders, likely as a result of the stronger wording the agency uses to publicize the actions.

The Consumer Financial Protection Bureau is receiving more pushback than fellow financial regulators from companies it issues enforcement orders against, likely as a result of the stronger wording the agency uses to publicize the actions,

The way the Consumer Financial Protection Bureau is regulating the auto finance industry's relationships with dealers is simply wrong — both legally and ethically — according to Blair Evans of Baker Donelson. It's also directly counterproductive to its goal of protecting consumers, she says.

The American Bankers Association has gone public with its issues with a plan to require banks to record loan-loss provisions when they originate a loan. Bankers are worried that the rule will eventually force smaller institutions to use costly modeling programs to comply.

Progressives' push for a more drastic overhaul of the industry ignores post-crisis changes that have had an undeniably positive effect.

The Federal Housing Finance Agency may face legislation or a lawsuit in the near future as it tries to force captive insurance companies to exit the Federal Home Loan Bank System.

After more than a decade of dormancy, field of membership is revving up the age-old rivalry between credit unions and banks.

National Credit Union Administration says it wants to double number of low-income CUs with Community Development Financial Institution status by end of the year.

Credit unions will have 90 days to comment on the controversial OTR methodology—a long-awaited victory for NASCUS and state charters.

Money-laundering episodes included a purported Whitey Bulger associate looting a church's coffers and the arrest of a Houston socialite on gambling-related charges.

Caja D'Oro—the nickname for Internet Archive FCU that means "box of gold—is golden no more.

The House Financial Services Committee argues that the CFPB ignored a Justice Department request to narrow the list of potential consumers harmed in the Ally case, purposely casting a wider net for political purposes.

Leverage Point, an advocacy and public affairs firm based here, and Washington-based law firm CU Counsel on Tuesday announced a formal partnership.

International money transfers have not enjoyed the improvements in transparency and cost that are benefiting other products. That must change to move the remittance market forward.

Obama's surprise move to place newest National Credit Union Administration board member on beleaguered bank board leaves many industry insiders wondering who will leave first—Chairman Matz or McWatters?

A new credit union advocacy and public affairs firm, known as Leverage Point, Inc., launched last week with a few familiar faces on board.

Sen. Bernie Sanders and former Gov. Martin O’Malley pledged to reinstate the Glass-Steagall Act to separate commercial and investment banking, while former Secretary of State Hillary Clinton said her reform plan was the only one to go after the nonbanks like AIG which caused the crisis.