Law and regulation

Navient seeks to narrow CFPB’s student loan servicing lawsuit


The company has filed a request with a federal judge in Pennsylvania for a summary judgment in two counts against it, accusing the bureau of failing to provide evidence.


OCC's Otting names chief operating officer as part of massive restructuring


Morris Morgan, previously one of the top large bank supervisors at the OCC, was tapped as senior deputy comptroller and chief operating officer amid a multimillion-dollar effort to revamp the agency.


FHFA will no longer defend agency's constitutionality in court


A federal appeals court ruling that found the leadership structure of the FHFA unconstitutional will face an "en banc" review later this month.


Banks, credit unions help federal workers weather shutdown


Financial institutions of all sizes are offering low- or zero-rate loans, waiving fees and making other arrangements to aid federal workers — a practice that regulators officially blessed on Friday, the 21st day of the closing of many U.S. agencies.


Banks are feeling effects of shutdown: ABA


The American Bankers Association has called for an end to the government shutdown, saying it has prevented customers from securing loans and threatens even more damage.


Warren bashes banks and billionaires in first 2020 campaign swing


Senator Elizabeth Warren’s first trip to Iowa as a likely presidential candidate highlighted her fiery anti-Wall Street populism.


Servicers treating government shutdown like a natural disaster


As the government shutdown enters its third week, mortgage servicers are activating the response plans they normally use during hurricanes and wildfires to assist federal workers who may have trouble paying their mortgages.


Will Congress move to outlaw ‘live’ checks?


A bipartisan bill stirring in the Senate would prohibit lenders from mailing unsolicited checks that can immediately be converted into high-interest loans. Consumer groups call the loans predatory, but lenders say they are a lifeline for cash-strapped households.


Hemp legalization could be boon for banks


Banks were reluctant to offer services to an industry that had a hazy legal status. That’s about to change.


FHA commissioner to serve as HUD's acting No. 2


The current deputy secretary of the Department of Housing and Urban Development, Pam Patenaude, will step down in January.