Payday lenders get unexpected reprieve from CFPB rule


The bureau had already proposed removing the underwriting portion of the rule, but a judge in Texas has indefinitely delayed the other key component as well.


Supreme Court ruling in foreclosure case is a win for lenders


In a unanimous ruling, the court placed new limits on the ability of consumers to sue law firms that handle foreclosures on behalf of mortgage servicers.


Madden lawsuit nears end, but online lenders still seek fix from regulators


The online lending industry has turned to the courts, Congress and now federal banking agencies in an effort, thus far fruitless, to blunt the impact of a 2015 appeals court ruling.


PwC reaches $335M settlement on audit of failed bank, admits no guilt


PricewaterhouseCoopers settled a lawsuit in which the FDIC accused it of negligence in its role as external auditor for Colonial Bank. But FDIC board member Martin Gruenberg objected because the firm did not accept blame.


Rivalry between two Silicon Valley lenders turns personal


Seven years after James Gutierrez left Oportun Financial and started a competitor, the acrimony sparked by the divorce is coming into public view.


Will big banks' suit against NCUA be a bust?


Several megabanks have sued the National Credit Union Administration claiming breach of settlement in a previous case related to mortgage-backed securities, but trends may favor the agency.


In a twist, Wells Fargo gets $240M payout in latest phony-account settlement


The settlement would mark a rare instance where the bank stands to benefit monetarily from a scandal that has severely damaged its reputation and cost it hundreds of millions in penalties.


Several banks disclose exposure to clean energy firm's bankruptcy


At least four banks may lose certain tax benefits if it is proven that DC Solar operated an investor scheme.


Democrats push bill to end forced arbitration agreements


The effort comes more than a year after Republicans successfully blocked a CFPB rule that would have banned mandatory arbitration clauses in financial contracts.


Dear Congress: Time to clarify ‘true lenders’


Lawmakers should step in to address the proper status of loans made by banks that have partnered with fintechs, rather than letting the courts decide.