OCC Sued Again Over Non-Bank Regulation
A second lawsuit has been filed against the Office of the Comptroller of the Currency alleging that a new OCC charter for non-banks violates federal laws and procedures. But the OCC is confident in its authority.
East Coast Mortgages Borrowers Complain Most
Across the country, mortgage complaints accounted for a smaller share of overall complaints last year than in 2016. States where the share of mortgage complaints are highest are all on the East Coast.
Frmr CFPB Director Facing Nemesis in Ohio Gov Race
Richard Cordray, the former director of the Consumer Financial Protection Bureau, is battling his nemesis for the chief executive job in the Buckeye State.
FHFA Director Accuser Testifying at House Hearing
The woman who is accusing the man in charge of the Federal Housing Finance Agency of sexual harassment is testifying before Congress Thursday.
Free Credit Freeze From All 3 Bureaus
One silver lining from the Equifax data breach has been legislation passed by Congress that requires the credit bureaus to provide credit freeze services free to all consumers.
Fed Nets $2.5 Bil From Fund Created to Save Bear
The Federal Reserve Bank has unloaded its last holdings in a fund it created during the financial crisis to enable JPMorgan Chase & Co. to save Bear Stearns Companies Inc. from collapse. The fund generated a profit of $2.5 billion.
House Bill Addresses Poor CFPB Guidance
Legislation that has advanced in the House of Representatives addresses sharp criticism the Bureau of Consumer Financial Protection kept lenders in the dark about complying with agency guidance.
CFPB Trying to Jump Start Trial Disclosures
A policy change is being proposed by the Consumer Financial Protection Bureau that is intended to jump start the use of trial disclosure programs.
CashCall Owner Operates Another Similar Firm
The owner of a California lender that was sued by the Consumer Financial Protection Bureau runs another similar firm that operates the same way.
Moody's Settles RMBS Rating Charges
Moody's Investors Service Inc. has agreed to settle charges by a federal regulator that its rating system for residential mortgage-backed securities was deficient.