California Mortgage-Seizure Plan Faces Hurdles

July 12, 2012 12:40 PM

San Bernardino County is weighing a controversial plan to use eminent domain to modify underwater mortgages, even as the countys largest city seeks bankruptcy.

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Consumer banking Law and regulation

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Consumer lending

Congress mulls further coronavirus relief for consumers

If Capitol Hill plans another round of stimulus, Democrats could have more leverage to demand steps such as suspending overdraft fees or placing a temporary cap on consumer lending rates.

By Neil Haggerty

7h ago
Law and regulation

Fed's conundrum: Whether to remove Wells Fargo's asset cap

Amid the coronavirus emergency, the central bank may have to decide at what point the imperatives of an economic crisis outweigh the requirements of its most severe enforcement action in recent memory.

By Kevin Wack

11h ago
CFPB

CFPB clarifies credit reporting procedures in light of coronavirus

The agency said lenders should avoid reporting delinquent payments to credit bureaus for consumers who have sought payment relief due to the pandemic.

By Kate Berry

April 1