The labor market has taken significant steps in the quest to return to pre-recession employment levels, but concerns remain about the quality of jobs being created. Wages have increased over the past year, but are lagging behind the predicted growth ...

In accordance with the terms of its settlement with the government, JPMorgan has begun the process of providing debt forgiveness and other mortgage relief to struggling homeowners. Joseph Smith Jr., who received a joint appointment from the bank and the government to ...

The House Financial Services Committee released a 100-page report on Monday titled “Failing to End Too Big to Fail: An Assessment of the Dodd-Frank Act Four Years Later,” which asserts that the act perpetuates a dangerous policy of bailing out lenders. GOP ...

Redfin released its latest market summary on Friday, pointing to a number of positive indicators heading into the fall. Among them, home sales are catching up to 2013's highs, the strongest on record since the recession, and the number of contemplating entering ...

The Consumer Financial Protection Bureau proposed a new rule to allow consumers who post complaints about lenders and servicers to do so publicly. The bureau believes that giving consumers the option will increase systemic transparency, but the possibility is a concern to banks ...

Bank of America reported Wednesday a nearly 43 percent decline in second-quarter profits compared to last year thanks in part to significant legal expenses. The bank posted second-quarter net income of $2.3 billion on revenue of $22 billion. The figure is down from ...

Second-quarter profits at JPMorgan Chase dipped nearly 8 percent year-over-year as the bank continued to work with a diminished mortgage market. JPMorgan's latest earnings report, released Tuesday, shows the megabank earned $6 billion dollars in profits over the latest three months, putting its ...

Citigroup's second-quarter profits took a hit as the bank announced a settlement with the government to resolve securities claims. Citi released its quarterly earnings report Monday morning, posting net profit of $181 million dollars—a decline of 96 percent compared to earnings of $4.2 ...

U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury released the June edition of the Obama Administration's Housing Scorecard Thursday. It paints a picture of a housing market that is improving but still subject to ebbs and flows of the ...

Citigroup is close to a deal with the Department of Justice to resolve allegations that the bank sold defective mortgage backed securities in the lead up to the financial crisis, according to a report by the Wall Street Journal. Citing people familiar ...