News Topic: Law and regulation

Readers weigh in the effect of Federal Reserve actions on wealth distribution, how a new startup could reduce overdraft fees, Watson's attempts to catch rogue traders, and more. ... Read full article

In an attempt to show it went all out to help struggling homeowners, the embattled mortgage servicer Ocwen Financial provided an unusual level of detail about foreclosures it says regulators have deemed "inappropriate." ... Read full article

The JPMorgan Chase CEO was in rare form Monday, speaking without a filter on a range of controversial topics. ... Read full article

The landmark ruling remands the city of Miami's 2013 suit against Wells Fargo and Bank of America back to the lower court. ... Read full article

Wells Fargo Bank has dramatically increased its borrowings from the Federal Home Loan Bank of Des Moines, more than doubling the San Francisco institution's level of advances. ... Read full article

The Consumer Financial Protection Bureau sued four online tribal lenders on Thursday for illegally collecting debts in 17 states where they are prohibited by state usury or licensing laws. ... Read full article

President Trump is locked in a political game of chicken with Richard Cordray, the director of the Consumer Financial Protection Bureau. ... Read full article

Readers sound off an attempt to block prepaid regulations, threats to consumer privacy, FSOC’s political bent, the proper use for SARs, and more. ... Read full article

Prepaid card users have waited a long time for the basic protections that debit card customers take for granted. Congress should not throw them under the bus. ... Read full article

Lawmakers from both political parties are increasingly interested in forcing lenders that offer loans to upgrade home heating and cooling systems to issue better disclosures, a prospect that has some in the industry nervous. ... Read full article

President Donald Trump plans to nominate Randal Quarles, a senior Treasury official in the Bush administration, to be the Federal Reserve's top banking regulator, according to a person familiar with the selection process. ... Read full article

The 110-page document offers plenty of new details about what went wrong at the megabank but may leave shareholders wanting a truly independent investigation. ... Read full article

President Trump has been in office for nearly 12 weeks, but he still hasn’t nominated several critical positions among financial services regulators. Following is a guide to what’s vacant now, and when other posts will be available. ... Read full article

Elevate Credit in Fort Worth, Texas, debuted Thursday at half the price the company had been targeting. Investors may have been spooked by the possibility of rising losses. ... Read full article

The bill from three GOP senators would require Truth in Lending Act disclosures for so-called Property Assessed Clean Energy loans, which are currently exempt from the law. ... Read full article

Digital lenders have been partnering with banks to get around state-by-state usury caps, but that approach is facing tougher scrutiny. ... Read full article

The publication won the Neal award for best news coverage and Washington Bureau Chief Rob Blackwell received the prestigious Timothy White award for editorial leadership. ... Read full article

The report in the New York Post alleges that the bank violated anti-money-laundering laws by filing incorrect call reports to hide loans made to foreign nationals. ... Read full article