A credit service provider agreed to exit the industry on Wednesday after a yearlong lawsuit with the Consumer Financial Protection Bureau.

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.

The New York State Department of Financial Services hasn't issued a single penalty against a bank or mortgage provider for failure to maintain and secure a property more than a year after the law requiring this upkeep was signed and eight months after it went into effect.

Rep. Maxine Waters, D-Calif., is calling on the FDIC to hold a public hearing on SoFi's application for deposit insurance.

Federal Reserve Chair Janet Yellen defended post-crisis reforms but allowed that further adjustments may be necessary to reduce adverse effects on small businesses and subprime borrowers.

Lenders will not have to report data on open-ended home equity lines of credit in 2018 or 2019 if they originated fewer than 500 HELOCs the preceding year, the bureau said.

A Collier County, Fla., man was arrested last week after he forged signatures to obtain mortgage loans totaling $180,000, state investigators said.

Laurance H. Freed, a Chicago developer, has been sentenced to three years in prison and ordered to pay $825,000 in fines and restitution in connection with a double-pledging scheme.

It is the largest equity investment that Clearinghouse CDFI has received in its two-decade history.

The National Association of Federally-Insured Credit Unions defended the credit union tax exemption and called for other financial reforms during a meeting Tuesday with Treasury Secretary Steven Mnuchin.

Compliance experts and CU execs outline changes they still hope the Consumer Financial Protection Bureau will make, even as the rule's implementation date approaches.

The gulf between those at the upper ends of the wealth ladder and lower-income Americans has worsened markedly since the financial crisis, despite the trillions of subsidies that taxpayers provide for housing.

A new state law meant to combat the blight of "zombie" homes across New York lacks effective enforcement to hold banks accountable for actually maintaining the properties on Staten Island.

Regulators reached a $183.5 million deal Thursday to get debt relief to 41,000 students of the bankrupt Corinthian Colleges.

A Fed committee studying Libor’s replacement has dwelled heavily on the potential impact to the derivatives market. Loans may become a bigger part of the conversation later this year, but the panel plans to leave a lot of the specifics up to lenders.

There are outstanding questions about whether Elizabeth Duke, who has been on Wells Fargo's board since January 2015, is the right person to lead a culture change at a large bank mired in scandals and investigations.

A Lexington, Ky., man was sentenced Monday to five months in prison for conspiracy to commit wire fraud and making false statements to a federal agency after he was paid for home appraisals he didn't do.

Amendments to the Home Mortgage Disclosure Act regs include a number of new and modified data collection and reporting requirements that require attention now.

Zillow Group and the Consumer Financial Protection Bureau will attempt to negotiate a settlement to resolve an investigation into whether its co-marketing advertising for real estate and mortgage companies violates the Real Estate Settlement Procedures Act.

Critics of recent False Claims Act enforcement argue the Justice Department is too heavy-handed toward lenders and servicers. But in an industry reputed for shoddy processes during the crisis, perhaps stringent oversight is warranted.