The unit investment trust has quietly blossomed into the dominant investing vehicle for Build America Bonds, the taxable municipal debt created under last year's stimulus legislation.

The staunchest opposition to a universal fiduciary standard that would put clients' interests first isn't from securities brokers, it's from insurance agents.

Despite low rates, bank sales of annuities held steady in June, at $2.8 billion, the Kehrer-Limra consulting firm says.

Sen. Sherrod Brown called on the Trump administration to support the Consumer Financial Protection Bureau's enforcement action against PHH Corp., which agreed to a $45 million settlement this week related to foreclosure abuses.

Credit unions make strategic hires, promotions to beef up their loan departments and other professionals in the news.

The tax law is expected to eliminate 300,000 affordable housing units over 10 years in part because it will reduce the value of banks’ low-income tax credits, which finance half of all affordable housing units.

Brian Brooks, the acting comptroller of the currency, used a selective (and dubious) interpretation of the Dodd-Frank Act to argue for more say on when banks can preempt state law.

Many consumers started using digital payments out of necessity once the pandemic struck. They may continue as it recedes because they like the convenience.

During the crises, most of the investment is going toward mature fintechs, creating more challenges for startups, says Global Processing Services' Richard Hodgson.