The central bank has been under pressure to modernize its last-resort lending operation since the failure of three large regional banks last year.

The Republican presidential nominee laid out his economic platform during a speech at the Economic Club of New York.

The Consumer Financial Protection Bureau said some non-profit hospitals are failing to provide assistance to low-income consumers, while landlords may be illegally charging fees to pay rent through online portals.

Patrick Harker, the longest serving regional reserve bank president, will leave office in June 2025. Directors at the Fed bank have started the search for his replacement.

In August's roundup of top mortgage news: The Consumer Financial Protection Bureau sides with plaintiffs against Mr. Cooper in alleged "junk fee" lawsuit, updates to 203(k) and more.

Melody Taylor, the executive director of the Property Appraisal and Valuation Equity task force, said the interagency group went above and beyond expectations. She also defended it against common attacks from working appraisers.

The case over a federal investigation is unrelated to the trade group's recent commissions changes.

Home Loan bank executives said Congress would have to pass a law for the system to increase its affordable housing contribution above 10% of earnings.

The bureau claimed Newday USA deceived homeowners by failing to disclose the costs associated with a cash-out refinance when compared alongside their existing mortgages.

Nonbank mortgage users signing up for the new CFPB registry will be able to leverage the Nationwide Mortgage Licensing System but new guidance lays out some of the limits to the efficiencies.

The Federal Reserve finalized its capital requirements for large banks Wednesday based on June's stress test outcomes.

New rules from Treasury's Financial Crimes Enforcement Network will mandate reporting for non-financed real estate transfers and expand anti-money-laundering requirements for investment advisors.

The scam involves unlicensed lenders offering phony warehouse lines of credit that have led to monetary losses in the thousands and the compromise of confidential borrower information.

The plaintiffs' 2nd Circuit filing in the Bank of America escrow preemption case is the first since the Supreme Court sent it back for more analysis.

The interagency Property Appraisal and Valuation Equity initiative, which was tasked by the Biden administration with rooting out bias in home valuations, appears to have run its course. But experts say it could be years before the group's efforts bear fruit.

The Federal Trade Commission has arranged the payment of hundreds of thousands of dollars to people a law firm charged for lower rates they never received.

In a complaint filed by the Justice Department on Friday, antitrust enforcers said RealPage's software, which helps landlords set rental unit pricing, has effectively raised prices on renters illegally.

The revisions also revise how the surplus is calculated to evaluate risk of the bonds used as part of the available asset portion of the capital requirements.

Fay disputes claims it violated servicing laws and a previous order related to dual tracking allegations but agreed to settle without admission of wrongdoing.

A federal judge in Texas ruled the Federal Trade Commission's noncompete ban violates the Administrative procedures Act and exceeds FTC's statutory authority.