Compliance & Regulation

A Milwaukee landlord who continued to buy foreclosed properties at auction after being sanctioned, must pay $64,550 in municipal court fines that he has been effectively dodging as far back as 2009, a Wisconsin Court of Appeals judge ordered.

The House Financial Services Committee passed 13 bills (and scrapped a vote on one) Wednesday, including one that would stop Fannie Mae and Freddie Mac from being released by the government and another hailed as helping the underbanked in rural areas.

Past statements by Office of Management and Budget Director Mick Mulvaney about the Consumer Financial Protection Bureau should disqualify him from leading the agency, according to New York Attorney General Eric T. Schneiderman and 16 other state AGs.

Secretary of the Commonwealth William F. Galvin has charged a Milton, Mass., man with using a fraudulent house-flipping scheme to convince friends and investors to lend him money that he then used on restaurants, hotels and groceries.

Over 30 current and former Democratic lawmakers filed a new amicus brief Monday supporting Consumer Financial Protection Bureau Deputy Director Leandra English to be reinstated as acting director of the agency.

Movement Mortgage will pay $1.1 million in penalties and customer refunds to settle charges by California regulators it serviced loans without a state license and for collecting unearned interest.

Bank of America is exiting the mortgage lien release business by entering into an agreement to sell this unit to First American Financial Corp.

Royal Bank of Scotland Chief Executive Officer Ross McEwan said the likelihood is waning that the lender will settle a U.S. mortgage-bond probe before the end of the year as he'd hoped, though it's well-capitalized to handle a settlement.

Until recently, there was a consensus among policymakers that Fannie Mae and Freddie Mac needed to be eliminated. That just changed. Here's why.

Stephanie W. Cowart, former executive director of the Niagara Falls Housing Authority, admitted to working with her son and daughter-in-law to steal $17,580 from the authority and the state.