California Attorney General Rob Bonta has secured a 4.6 million dollar settlement with Select Portfolio Servicing (SPS) over alleged violations of state and federal mortgage servicing and foreclosure protection laws during the COVID-19 pandemic. The deal delivers civil penalties and ...

Credit scoring models are shifting to include rent, utility, and buy-now-pay-later payments in 2026, marking a fundamental change in how mortgage lenders and financial institutions assess creditworthiness. On April 22, 2026, the Federal Housing Finance Agency announced that Fannie Mae ...

Luxury retailer Saks has secured court approval to exit bankruptcy after completing a sweeping financial restructuring aimed at stabilizing its balance sheet and preserving operations, marking a significant development for creditors and the broader retail finance landscape. The company’s Chapter ...

The Justice Department’s Antitrust Division and the Federal Trade Commission are at a pivotal moment in antitrust enforcement. With the withdrawal of the longstanding 2000 Collaboration Guidelines in December 2024, and the launch of a joint inquiry into new guidance ...

JPMorgan Chase plans to deploy AI agents later this year that can operate autonomously for hours at a time, CNBC has learned exclusively. AI agents are evolving from tools that complete single tasks to digital workers that manage workflows across ...

The U.S. Treasury refunded approximately $22 billion in previously collected tariffs tied to Trump-era trade policies in May, effectively offsetting the government’s duty collections for the month and highlighting ongoing fiscal and policy reverberations from years-old trade disputes. According to ...

PITTSBURGH — Residential foreclosures increased nationally 18% in April compared to a year ago, and they are up even more in the Pittsburgh region. That’s according to recent data from property analytics firm ATTOM, whose latest U.S. Foreclosure Market Report ...

The National Credit Union Administration (NCUA) is taking steps to safeguard a key revenue stream for credit unions, signaling growing federal concern over state-level efforts to regulate interchange fees. In a recent policy stance, the NCUA emphasized that federally chartered ...

[Photo: Yonhap News Agency] Financial authorities are moving to fix the practice of financial companies repeatedly extending the statute of limitations on overdue loans and trying to collect even after receiving tax benefits. Going forward, for a financial company to ...