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Will homeowners see a penny of the reimbursements that the government has ordered 16 mortgage lenders to pay? Not likely, foreclosure victims and housing activists say, because the independent review ordered by regulators is too weak.

A judge ruled that Wells Fargo has to pay its customers restitution for processing checking-account transactions in a way that makes the most charges bounce and maximizes overdraft fees. Other banks have also been sued over this issue.

As Congress gets more and more angry about excessive bonuses for bankers, the nation's biggest banks could lose one of their favorite defenses against stronger consumer protections -- the preemption doctrine. The House Financial Services Committee will likely vote Tuesday to allow state governments...

The Obama administration has for months pressured the mortgage industry to bail-out homeowners who have fallen behind in their mortgage payments. Now, it wants the industry to try harder. According to the Wall Street Journal, "The Obama administration is pressing mortgage-servicing companies to...

The Obama administration may soon propose creating a single government overseer for the nation's banks. The plan is to consolidate the patchwork of regulators of the financial markets and institutions, so to avoid the kinds of risky practices that brought the economy to its knees. Right now,...

Small community banks have a banker, called a correspondent bank (more popularly known as a bankers' bank), that offers services such as check clearing, credit card operations, and other things that small banks find too costly to do efficiently and effectively on their own. Essentially, bankers'...