Enforcement

The Justice Department claims the bank, which has received "satisfactory" ratings in its last four CRA exams, is failing to serve minority neighborhoods around Minneapolis.

Top Democrats vowed to defend the Consumer Financial Protection Bureau, predicting Director Richard Cordray will file a lawsuit if he were fired by Donald Trump after he is sworn in as president.

Bankers are trying to stop the Consumer Financial Protection Bureau from allowing consumers to rank how companies handle complaints on a one- to five-star scale and to publish narratives of consumer experiences in an online public database.

House Democrats sent a letter Tuesday to President-elect Donald J. Trump, urging him to reject calls by Republicans to fire Richard Cordray, the director of the Consumer Financial Protection Bureau.

Two Republican senators sent a letter to Vice President-elect Mike Pence calling for the removal of Consumer Financial Protection Bureau Director Richard Cordray.

Gov. Andrew Cuomo wants to give the state's banking regulator — one of the country's most aggressive — the power to ban "bad actors" from working in financial services, allowing it to step in when federal agencies refuse to act.

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 Department of Housing and Urban Development has charged Bank of America with discriminating against prospective Hispanic mortgage borrowers at a branch in Charleston, S.C.

A California consumer group has urged the Senate Finance Committee to delay an upcoming nomination hearing into Treasury Secretary-designate Steven Mnuchin after a leaked 2013 memo described alleged illegal foreclosure practices at OneWest Bank when he was chairman and CEO.

Deutsche Bank is considering an unusual approach to providing relief to subprime mortgage borrowers as part of a $7.2 billion settlement with the U.S. government: lending money to private equity firms and hedge funds.

The bank formerly run by Steven Mnuchin, President-elect Donald Trumps' nominee to head the Treasury Department, allegedly used illegal practices in foreclosing on delinquent homeowners, according to a leaked 2013 memo from the California Attorney General’s Office.

In an enforcement action totaling more than $23 million in fines and restitution, the Consumer Financial Protection Bureau found that TransUnion and Equifax — two of the largest consumer credit reporting agencies — had misled consumers on the value of the data they marketed.

The new year is shaping up to be the one in which sizable changes to the Dodd-Frank Act are finally enacted, thanks to Republican victories in the White House, Senate and House.

The Department of Justice has agreed to a settlement with a pair of Cincinnati banks accused of redlining African-American neighborhoods in four cities in Ohio and Indiana.

A Fidelity National Financial Inc. subsidiary is in final talks to pay as much as $65 million to resolve U.S. government accusations that it contributed to improper and fraudulent foreclosures after the 2008 credit crisis, according to a person familiar with the deal.

The Consumer Financial Protection Bureau faces a precarious and uncertain future in 2017 with all eyes focused on two questions: whether President-elect Donald Trump will attempt to fire agency director Richard Cordray and if Congress can successfully restructure the agency by changing its leadership and funding.

State mortgage regulators and attorneys general are likely to step up enforcement of lending rules if the Consumer Financial Protection Bureau takes a less activist stance in the Trump administration.

Deutsche Bank will have to clear a lower capital hurdle next year, joining other European lenders who are benefiting from a change in how the European Central Bank sets the requirements.

he Department of Justice is criticizing an appeals court ruling striking down the Consumer Financial Protection Bureau's single-director structure, saying the decision overstepped Supreme Court precedent.

Deutsche Bank and Credit Suisse Group agreed to pay a combined $12.5 billion to resolve U.S. investigations into sales of the toxic debt that fueled the financial crisis, putting behind them a major dispute that undermined confidence in the banks and raised questions about their turnarounds.