The Financial Industry Regulatory Authority announced that it had fined the former Ferris, Baker Watts LLC $500,000 for inadequate supervision of sales of reverse convertible notes to retail customers.

Assets under management at the 500 largest advisers in the world rose 16% last year, to $62 trillion, after contracting 23% the year before, according to Towers Watson and Pensions & Investments.

After the shocks and bumps of the Great Recession, younger baby boomers are already thinking about retirement and are clear on one thing: When it comes to retirement income, they want guarantees, according to a study.

The Seattle company has faced criticism from an investor over its commitment to the business, which lost money in the first quarter.

The two credit unions have combined assets of more than $115 million and serve nearly 16,000 members.

The legislation would prohibit the CFPB from penalizing institutions that rely in good faith on guidance from the bureau.

For too long, the Consumer Financial Protection Bureau's rulemaking process has been informed by its director's political affiliation. The next leader must keep the agency focused on its mission: protecting consumers.

In "Democracy Declined," Duke public policy professor Mallory SoRelle argues that policymakers should be more aggressive in combating unfair lending practices.

Unlike most IT investments that become obsolete in a few years, AI's ability to "learn" makes it increasingly more valuable, says Silent Eight's John O'Neill.