HUD, Justice Dept. aim to ease lenders' False Claims Act burden


The government has used the law to bring fraud claims against Federal Housing Administration lenders, but the new steps respond to criticism that minor offenders were also getting punished.


BB&T-SunTrust merger closing could slip into 2020


The companies say they're working hard to complete their deal this year — including spending millions on retention payments and other items — but there's no guarantee how quickly regulators will make their decisions.


Supreme Court yet to decide if it will take CFPB case


A list of upcoming cases published by the high court did not include a challenge to the bureau's constitutionality, but the justices could still decide to review it at a later date.


CFPB’s Kraninger agrees: Her job security is unconstitutional


The agency's director told congressional leaders and staff that she backs a Supreme Court challenge to the bureau's leadership structure.


Next up for BB&T-SunTrust: Deciding where to unload branches


The banks, which plan to merge as Truist Financial, are expected soon to start selling hundreds of branches in the Southeast to satisfy antitrust concerns and increase efficiency.


Bipartisan AML bill is just the right touch


Under the Illicit Cash Act, anti-money-laundering rules would be clearer — so banks would have no excuses for noncompliance.


How Trump’s political appointees thwarted tougher settlements with two big banks


After talks with well-connected lawyers for Barclays and the Royal Bank of Scotland, senior Justice Department officials in Washington last year overruled career prosecutors who had been investigating wrongdoing that cost investors billions.


CFPB filed no fair-lending enforcement cases last year


The CFPB did not file any fair-lending enforcement actions in the 2018 fiscal year and did not refer any Equal Credit Opportunity Act violations to the Department of Justice.


Cheat sheet: What Senate AML bill means for financial industry


The good news for financial firms is Congress has moved closer to reforming anti-money-laundering rules. But left behind in the effort is the reform most coveted by the industry.


Indictment of Manafort's banker reveals new details of loan scheme


Most notably, the charges indicate that Stephen Calk lied to banking regulators about what he knew when he approved loans to Paul Manafort, as well as about his interest in landing a job in the Trump administration. He faces one count of financial institution bribery.