Wall Street executives involved in MBS fraud may not be off the hook quite yet.

A new Supreme Court opinion may force the SEC to speed up its investigation of certain MBS fraud cases.

The GOP wants to know why the CFPB has spent so much money on outside contractors.

The SEC is investigating Ally Financial's retail lending practices but there are no additional details on the specifics.

Mortgage vendor Lender Processing Services continues to have robo-signing related headaches, thanks to a request from Sen. Ron Wyden of Oregon.

More foreclosure review workers are set to lose their jobs. This time the layoffs are happening at Aurora Bank of Denver.

The Senate Banking, Housing and Urban Affairs Committee plans to hold a hearing Tuesday, March 12, on President Barack Obama’s renomination of Richard Cordray to be director of the CFPB, this time for a five-year term, as opposed to the two-year term he’s currently serving under the president’s recess appointment. But there’s not much sign yet of any deal between supporters and opponents, according to most political observers. Sen. Bob Corker, R-TN, a member of the committee, said that after conversations over the past few weeks...

The CFPB and other federal defendants have filed to dismiss a legal challenge to the bureau’s authority to identify “unfair, deceptive, or abusive” acts or practices, and the related assertion that President Obama’s appointment of Richard Cordray as director of the bureau was invalid because the Senate allegedly was not in recess at the time of the appointment. The case is State National Bank of Big Spring, et al., v. Neal S. Wolin, in his official capacity as Acting United States Secretary of the Treasury and ex officio Chairperson...

The Department of Justice has filed a 20-page brief with the U.S. Court of Appeals for the Third Circuit in an attempt to dissuade the court from embracing the D.C. Circuit Court’s ruling in Noel Canning v. National Labor Relations Board, in which the court declared unconstitutional President Obama’s recess appointments of three members of the NLRB. “The Noel Canning decision conflicts with nearly two centuries of executive branch practice and the decisions of three other courts of appeals, two of them sitting en banc,” Beth...

A legal argument by the CFPB in a Fair Debt Collection Practices Act case, Marx v. General Revenue Corp., was recently rejected by the Supreme Court of the United States. The SCOTUS ruled that a prevailing defendant can recoup costs even if there is not a court finding that the plaintiff filed suit in bad faith and for the purpose of harassment. In this case, petitioner Marx filed suit, alleging that General Revenue Corp. (GRC) violated the FDCPA by harassing and falsely threatening her in order to collect on...