The potential $1 billion fine would be largest ever imposed by the Office of the Comptroller of the Currency, the bank's main national regulator, and the Consumer Financial Protection Bureau, the federal watchdog bureau.
Though widely expected to raise rates this week, Fed policy makers are being pulled in two directions by a spirited drop in unemployment this year and a surprisingly listless reaction in wages and prices.
A Dallas mortgage company accuses Carmel banker Michael Petrie of launching a "delberate and vindicative campaign" to try to drive it out of business. But a separate lawsuit against the Dallas firm tells a different story.
Moody’s Corp. has agreed to pay almost $864 million to resolve a multiyear U.S. investigation into credit ratings on subprime mortgage securities. Indiana is one of 21 states getting some of the settlement.