The DOJ will sue the ratings agency over ratings it gave risky mortgage-backed securities in the run-up to the financial crisis
The chairman of the House Financial Services Committee says that a recent court ruling means the CFPB will have to comply with executive orders limiting its rule-making ability
The investigation adds a new challenge in the bank’s long-delayed sale to M&T Bank, which was also accused of discriminatory lending practices in February.
The association blamed unnecessary federal regulations for preventing first-time homebuyers from entering the market.
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The coming of new regulation never seems to end, and having an effective compliance management system has become an essential to running an effective organization in the industry.
In a speech Wednesday, the outspoken senator called on lawmakers to cap the size of the largest financial institutions and limit emergency lending by the Fed to troubled institutions.
Legislation that would bring more transparency and accountability to the CFPB passed the U.S. House of Representatives with very few opposing it.