Nonbank servicers are now servicing nearly a quarter of all residential mortgage loans in the country. What does the Government Accountability Office recommend should be done to increase government oversight of nonbank servicers?

Former Fed adviser and economist Andrew Levin said that the Fed’s transparency and accountability are “severely deficient” and recommended some steps for reforming the central bank.

This is a landmark case because it is the first time in the almost five-year history of the CFPB that a company has judicially challenged a penalty handed down by the Bureau.

The decision to remove the "systemically important" designation from MetLife has been viewed as a victory for opponents of Dodd-Frank Wall Street reform. However, they should not be so quick to celebrate, according to Treasury Secretary Jacob Lew.

The settlement stems from Wells Fargo’s participation in the Direct Endorsement Lender program, a federal program administered by the Federal Housing Administration. It is the largest recovery for loan origination violations in FHA history.

Despite signs of softness in several sectors of the economy reported recently, the housing market should remain on a “solid trajectory” for the rest of 2016, according to New York Fed President and CEO William C. Dudley.

Just how well-capitalized is JPMorgan Chase? The bank's CEO, Jamie Dimon, tells us exactly how much in his annual letter to shareholders.

Financial reform under Dodd-Frank has taken some heat and even encountered a few setbacks lately, namely the removal of the Financial Stability Oversight Council’s “systemically important financial institution” (SIFI) from MetLife and the Consumer Financial Protection Bureau’s pending trial from PHH Corp.’s appeal of a $109 million penalty handed down last June.

The issue of principal reduction has returned to the forefront of housing policy in the last month as current FHFA Director Mel Watt recently announced that he would make a decision in the next 30 days as to whether or not to offer principal reduction.

Now almost five years old, the CFPB remains the subject of a heated debate among lawmakers: Is the Bureau an organization vital to the financial well-being of consumers, or is it simply a government bureaucracy that abuses its power?