Enforcement

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.

Barclays was sued by the U.S. Justice Department for allegedly deceiving investors who bought mortgage-backed securities, according to court papers filed in federal court in Brooklyn.

Credit Suisse Group may reach an agreement as soon as this week to settle a U.S. investigation into its handling of mortgage-linked securities before the 2008 financial crisis, Reuters reported.

Two former executives of the failed GulfSouth Private Bank in Destin, Fla., and another man have been indicted on federal charges of defrauding the Troubled Asset Relief Program of $7.5 million.

Deutsche Bank may reach a deal as early as Wednesday to settle allegations by the Department of Justice that it misled investors when selling mortgage-backed securities, Reuters reported.

SunTrust Bank failed a test related to the collection of default-related fees from consumers in the latest report regarding its compliance with the National Mortgage Settlement.

Credit Suisse Group must face New York Attorney General Eric Schneiderman's $10 billion lawsuit accusing the bank of fraud in the sale of mortgage-backed securities prior to the 2008 financial crisis, a state appeals court ruled Tuesday in a split decision.

A former Cantor Fitzgerald & Co. trader was charged with defrauding customers by lying about prices of mortgage-backed securities, becoming the latest target of a U.S. crackdown on deceptive practices in the bond market.

Moves by lenders to adapt their processes with the TILA-RESPA integrated disclosure rule in mind appear to have staunched the increase in loan application defects, according to ACES Risk Management.

The Office of the Comptroller of the Currency is expected to downgrade Wells Fargo's Community Reinvestment Act rating in January to "needs to improve," from "outstanding," according to a story by Reuters, citing unnamed sources.

The Consumer Financial Protection Bureau on Wednesday filed consent orders against three reverse mortgage companies, accusing them of deceptive advertising and misrepresentations.