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The Treasury Department will take a huge hit when Cecil Bancorp sells it bank, while 1st Mariner Bank in Baltimore will see its equity stake completely wiped out. Cecil opted for bankruptcy court when it was unable to resolve an impasse over its ... Read full article

If HSBC reaches an agreement with the government, it could give an early indication of how the Trump administration will levy financial penalties. ... Read full article

The National Association of Home Builders is objecting to a measure that would impose a surcharge on National Flood Insurance Program policies for newly constructed homes. ... Read full article

The House Financial Services Committee approved several bills Thursday designed to boost the private flood insurance market. ... Read full article

The CFPB's decision to drop a requirement that third parties verify a debt's accuracy before collecting on it is likely to speed the agency's efforts to write rules for all parts of the debt collection market. ... Read full article

The House Financial Services Committee passed two flood insurance bills, but postponed more work until next week. ... Read full article

While the courts have affirmed cities’ right to file predatory lending suits, they are also now holding them to a much higher standard in proving that banks knowingly steered minority borrowers into high-cost home loans. ... Read full article

The House Financial Services Committee is slated to vote on several bills Wednesday that are designed to make private flood insurance a viable alternative to the National Flood Insurance Program. ... Read full article

Banks and other firms collecting defaulted debt originated by another company are not subject to the kinds of restrictions placed on third-party debt collectors, the Supreme Court ruled Monday in a unanimous decision. ... Read full article

Democrats are raising concerns about a Republican push to transfer more of the risk of flood insurance to private insurers. ... Read full article

Credit unions continue to press the Consumer Financial Protection Bureau for regulatory relief, arguing that existing exemptions have not gone far enough. ... Read full article

The delinquency rate of Federal Housing Administration-insured mortgages fell to a historic low in the first quarter, fueling more calls for a reduction in the agency's annual premium. ... Read full article

The German bank posted two consecutive years of losses partly because of misconduct fines tied to the Libor and other scandals. ... Read full article

State regulators felt they were strung along by the mortgage servicing giant Ocwen Financial after years of promises that were never fulfilled, resulting in successive enforcement actions against the company. ... Read full article

The city joins a growing list of municipalities that have filed similar lawsuits, just two weeks after the Supreme Court ruled that municipalities have standing to sue lenders under the Fair Housing Act. ... 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

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

The Mississippi company's first-quarter earnings rose 60% from a year earlier. Its results from last year were weighed down by a settlement with regulators. ... Read full article