Lalita Clozel

The changes are aimed at aligning requirements with a new Consumer Financial Protection Bureau rule under the Home Mortgage Disclosure Act.

The changes to the National Multistate Licensing System will include a more customized user experience for companies and functionality for states to share examination data.

As Republicans policymakers pursue efforts to revamp the Consumer Financial Protection Bureau and replace its leadership, state agencies are already preparing to fill any vacuum that might ensue if the CFPB steps back.

Higher net interest income and modest growth in expenses helped boost bank earnings by 10.7%, the FDIC said in its Quarterly Banking Profile.

The Trump administration says it has put a stop to Operation Choke Point, a controversial initiative aimed at discouraging financial institutions from servicing high-risk businesses.

Federal regulators issued a proposal Tuesday that would increase the threshold at which commercial real estate transactions require an appraisal, a move that could give some lenders sizable relief.

The Office of the Comptroller of the Currency told a somewhat familiar story Friday about the industry's risk environment.

President Trump on Thursday signed an executive order to reinforce the country’s cybersecurity defenses, a move that financial institutions view as a positive step toward creating a more resilient financial system.

The House Financial Services Committee approved the Financial Choice Act by 34 to 26. While it has enough support to clear the GOP-controlled House, it is unlikely to gain traction in the Senate.

Rebeca Romero Rainey, a third-generation community banker who rose to executive leadership in her early 20s, has been tasked to lead the Independent Community Bankers of America at a pivotal time.

The Trump administration is seeking to immediately shut down the Treasury Department’s grant programs for community development financial institutions.

Should Joseph Otting be appointed comptroller of the currency, it would be a crucial step in the new administration’s deregulatory efforts.

Just days before President Obama will leave office, the White House released a white paper advocating for the U.S. government to engage in efforts to promote the fintech industry.

In a letter Monday to Comptroller Thomas Curry, Sens. Sherrod Brown, D-Ohio, and Jeff Merkley, D-Ore., registered their strong opposition to the concept of the charter, which would allow certain types of fintech companies to avoid state licensing requirements by obtaining a limited-purpose national bank charter.

HSBC was fined $32.5 million for failing to comply with a 2011 consent order that directed the bank to revamp its mortgage servicing and foreclosure practices.

The Office of the Comptroller of the Currency’s decision to offer a special-purpose charter for fintech firms may entice more players than expected, including mortgage lenders.

After a divisive campaign in which Donald Trump fiercely criticized his rival's ties to Wall Street, the president-elect appears to be considering JPMorgan Chief Executive Jamie Dimon as Treasury secretary.

A group of financial industry players — including mortgage servicers and credit unions — are joining together to form a new coalition promoting workforce diversity.

The Federal Deposit Insurance Corp. has reached a $190 million settlement with eight large financial institutions over residential mortgage-backed securities claims as the receiver of five banks that failed during the crisis.

The Federal Deposit Insurance Corp. on Thursday won the right to pursue a lawsuit against several large financial institutions accused of selling tainted mortgage securities to a company that has since failed.