Reuters Articles

U.S. Consumer Watchdog Faces Fresh Constitutional Challenge

A Philippines company that buys and sells pension payments has asked a federal court to block an investigation by the U.S. Consumer Financial Protection Bureau in the latest challenge to the financial regulator's authority.

SEC Partly Rules for 'Big Short' Adviser But Orders Bigger Payment

The U.S. Securities and Exchange Commission has partially overturned a ruling finding an investment adviser featured in the best-seller "The Big Short" liable in a case stemming from the 2008-09 financial crisis, but it increased how much he owes.

Fed Buys $3.2 Billion of Mortgage Bonds, Sells None

The Federal Reserve bought $3.173 billion of agency mortgage-backed securities in the week from Dec. 22 to Dec. 28, compared with $14.409 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.

Ex-Cantor Fitzgerald Mortgage Bond Trader Indicted in U.S. for Fraud

A former Cantor Fitzgerald trader has been indicted on charges that he defrauded investors by lying about the price of mortgage bond transactions he handled for them after the financial crisis, U.S. prosecutors said on Friday.

Blackstone's Schwarzman Sees Historic Regulatory Overhaul From Trump

Blackstone Group LP Chairman and CEO Steve Schwarzman said on Tuesday he expected to see a "very substantial reversal of regulations of all types," for the financial sector, following Donald Trump's U.S. presidential election victory.

Judge Blocks Obama Rule Extending Overtime Pay to 4.2 Million U.S. Workers

A federal judge on Tuesday blocked an Obama administration rule to extend mandatory overtime pay to more than 4 million salaried workers from taking effect, imperiling one of the outgoing president's signature achievements for boosting wages.

Ex-S&P Executive Goes on Trial Before SEC Over Mortgage Bond Ratings

The U.S. Securities and Exchange Commission on Monday took a former Standard & Poor's executive to trial over claims that she engaged in a fraud that inflated ratings of commercial mortgage-backed securities.

UBS Beefs Up Funds for U.S. Mortgage Mis-selling Case to $1.4 Billion

UBS revealed it had set aside an extra $417 million to cover potential penalties tied to mis-selling mortgage-backed securities ahead of the financial crisis as it delivered an 11 percent rise in third-quarter profit.

Fannie Mae Streamlines U.S. Mortgage Underwriting

Fannie Mae said on Monday it has launched a program to streamline its underwriting on mortgages for some borrowers that uses electronic data instead of physical proof of their income, assets and employment.

Fed Buys $10.9 Billion of Mortgage Bonds, Sells None

The Federal Reserve bought $10.901 billion of agency mortgage-backed securities in the week from Sep. 29 to Oct. 5, compared with $11.225 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.

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