Regulation and compliance
Regulation and compliance
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KeyCorp's $4.1 billion bid to buy First Niagara Financial Group Inc. is facing scrutiny over a U.S. investigation into First Niagara's minority lending practices, according to two people familiar with the matter.
May 31 -
The Consumer Financial Protection Bureau and other federal banking agencies should do more to protect consumers with limited English proficiency, a report from Americans for Financial Reform says.
May 27 -
JPMorgan Chase has received credit for $3.89 billion of consumer relief, plus it says it has provided an additional $113 million, putting the bank over the top on its obligation.
May 27 -
Banks have rushed to the exits when it comes to Fannie Mae and Freddie Mac debt securities. Federal liquidity rules seem to be prompting big banks to do so, but why small banks are unloading the bonds, too, is more of a puzzler.
May 27 -
The CFPB alleges that David Eghbali, a loan officer for a Wells Fargo branch in Beverly Hills, Calif., developed a scheme to manipulate escrow fees in order to close more mortgages and boost his bonus. Eghbali says he was forced to sign a settlement because he couldn't afford to fight the CFPB in court.
May 26 -
The Inspector General for the Department of Housing and Urban Development is not backing down on his concerns about premium pricing associated with the down payment assistance programs by the Federal Housing Administration.
May 26 -
The bank's new low-down-payment mortgage, an alternative to FHA loans, dispenses with the complex qualification requirements that have hampered recent efforts with low down payments by Fannie and Freddie.
May 26 -
Recent legislative proposals to make piecemeal changes to the government-sponsored enterprises could set broader GSE reform on the wrong path.
May 26 -
The Department of Housing and Urban Development is telling lenders that down payment assistance programs still qualify for FHA backing despite concerns raised last year by HUDs inspector general.
May 25 -
Wells Fargo & Co. agreed to pay a $70 million penalty in ending the banks five-year fight to settle legal claims over foreclosure missteps after the 2008 credit crisis.
May 25 -
With the nominees likely clear for the Republican and Democratic presidential tickets, speculation has turned to whom Donald Trump and Hillary Clinton could pick as their running mates. A number of those names mentioned are key figures on financial policy. Following are some of the top possible picks.
May 25 -
If the Federal Housing Administration wishes to take seriously the concerns lenders have about the definition of a loan error, demonstrating flexibility in crafting and revising its guidelines is a good place to start.
May 25 -
The stock price of CBL & Associates Properties Inc. sank 13% in early trading after a published report said the U.S. retail landlord is being investigated for accounting fraud.
May 25 -
FHFA Director Mel Watt also reiterated concerns regarding insurance companies and large bank members, saying that some Home Loan Banks have large exposures to a few individual members.
May 24 -
WASHINGTON The House passed a bill by a voice vote Monday that will make it easier for mortgage originators to take a new job across state lines or move from a federally regulated bank to a nonbank lending shop.
May 23 -
The U.S. Securities and Exchange Commission is investigating whether Deutsche Bank AG inflated the value of securities in its mortgage-bond trading business and masked losses around 2013, according to people with knowledge of the matter.
May 23 -
Bank of America Corp.s Countrywide Financial unit was exonerated of allegations that it sold defective residential mortgage loans to Fannie Mae and Freddie Mac with an appeals court throwing out a judgment against the bank of more than $1.2 billion.
May 23 -
Lenders that sell both forward and reverse mortgages must carefully consider how their products are offered to older borrowers to avoid confusion that could lead to accusations of financial abuse.
May 23 -
Ares Capital, the publicly traded lender managed by alternative-investment firm Ares Management, will acquire American Capital Ltd. in a deal valued at $3.4 billion.
May 23 -
Presumptive Democratic nominee Hillary Clinton appears likely to embrace a recent plan to merge Fannie Mae and Freddie Mac into a single government corporation if she wins the White House.
May 20









