Enforcement

PNC has agreed to pay $16 million to settle a federal overtime lawsuit filed by current and former mortgage loan officers, according to court documents.

Former Jefferies & Co. Managing Director Jesse Litvak says he should be spared prison when he is sentenced later this month following his conviction of a single count of fraud.

United Shore Financial Services has agreed to pay a total of $1.4 million to consumers and California regulators to settle allegations it collected interest payments it was not entitled to.

Bank of America was told to pay a $46 million judgment last week after it wrongfully foreclosed on a Lincoln, Calif., couple during the recession.

On the long list of those who profited from the misery of the Atlanta-area foreclosure crisis, you can add the name of Clifford Wayne Hill.

Deutsche Bank is finding that there just isn't enough soured U.S. mortgage debt anymore.

Ocwen Financial is a step closer to the day when it can resume purchases of mortgage servicing rights.

It took more than four years before David Bruns was caught stealing from the Montgomery County, Ohio, Prosecutor's office.

A federal jury has convicted two businessmen on multiple bank fraud charges related to falsifying loan documents to postpone foreclosure on a parcel of land in Aurora, Ill., worth nearly $2 million.

Bank of America has completed its legal settlement obligation with the Department of Justice to provide $7 billion in consumer relief nearly two years ahead of schedule.

A foreclosure by Licking County on the basket-shaped headquarters of the Longaberger Co. is imminent

On the eve of delivering money to help flood victims rebuild their homes, the federal agency is demanding Louisiana repay $6.6 million because of sloppy handling of funds for building low- and moderate-income housing over the past decade.

President Trump signed an executive order Friday requiring every agency to establish a task force focused on eliminating unnecessary regulations.

The Consumer Financial Protection Bureau's arbitration rule will likely be overturned by Congress if the agency moves ahead with finalizing it.

The Consumer Financial Protection Bureau is set to face its first jury trial in April in what is shaping up to be a critical test of the agency's authority.

The mortgage servicer will pay at least $25 million in cash and provide some $200 million in debt relief to borrowers to resolve a range of alleged violations. But Ocwen will also be allowed to resume acquiring servicing rights in the nation's largest state.

The Consumer Financial Protection Bureau's temporary legal victory on Thursday has lowered the odds that President Trump will seek to remove the agency's director, Richard Cordray, despite repeated calls by prominent Republicans for his ouster.

State mortgage regulatory examinations are focusing on systemic issues and using their broad authority under the Dodd-Frank Act to enforce the Consumer Financial Protection Bureau's servicing rules.

The Basel III capital requirements are making it hard for banks to stay in the servicing business, said David Motley, president of Colonial Savings. Their exodus from the market indirectly hurts consumers, he argued.

Thomas Pahl has been appointed acting director of the Federal Trade Commission's consumer protection bureau, the agency said Wednesday.