The U.S. is taking steps to stamp out the practice of servicemembers and veterans being pressured into taking mortgages they don't need, a move that officials say will lower consumer costs and could lead to financial penalties for lenders.
Citigroup expects to take a noncash charge to earnings of about $20 billion if the Senate's version of the tax reform bill is enacted, Chief Financial Officer John Gerspach said.
House Financial Services Committee Jeb Hensarling shifted tactics on housing finance reform Wednesday, acknowledging that a bill he’s pushed for years to virtually eliminate the government’s role in the mortgage market lacks the support to become law.
The agency has suffered a series of setbacks over the past two months, from a rollback of its arbitration rule to a legal battle over its leadership. Here's what happened — and where the agency might lose next.
Women are not only less likely to be approved for loans than men, they are less inclined to apply for loans in the first place. Among the reasons: aversion to debt and fear of rejection, according to a new report.
SunTrust sold an insurance financing unit that it deemed noncore, but it is on the lookout to buy more complementary businesses such as a CRE lender it acquired last year.
The Office of the Comptroller of the Currency is eliminating a plan designed to ensure its examiners did not get too close to the big banks they supervise.
