Big brokerage firms are inching into social media, but the industry is still miles away from making full use of all that Facebook, Twitter and other such sites have to offer.

Wells Fargo & Co., a giant bank that already runs the fifth-largest insurance broker in the world by revenue, is seeking to double that revenue in the next decade.

DWS Investments, the retail mutual funds arm of Deutsche Bank, named Michael J. Woods as regional head and chief executive, adding those titles and responsibilities to his current role as U.S. head of distributions.

The interpretation by HUD, conveyed in a letter to Congress by Assistant Secretary Len Wolfson, appeared to contradict the agency's earlier comments about borrowers in the Deferred Action for Childhood Arrivals program.

Director Mark Calabria urged lawmakers to grant the agency chartering authority similar to that of bank regulators to boost competition in the mortgage market.

Sens. Elizabeth Warren, D-Mass., and Doug Jones, D-Ala., cited research that found algorithmic lending can lead to higher interest rates for minority borrowers.

Rushing to create a central bank digital currency that is not permissionless and private would be dangerous to core American principles, according to a Minnesota Republican.

China and other countries are already working on their own central bank digital currency. Creating an American CBDC would ensure the dollar's place as a global reserve currency, a Connecticut Democrat writes.

A former Federal Reserve official argues that current rules allow banks to begin trading in crypto assets with virtually no oversight.