Cheyenne Hopkins

WASHINGTON -- President Obama is expected to appoint Elizabeth Warren as an assistant to the president and special advisor to Treasury Secretary Tim Geithner tasked with getting the new consumer protection bureau on its feet, a Democratic official said late Wednesday.

A bill to create a $30 billion small-business lending fund could finally be moving toward final passage this week after months of stops and starts.

The White House is considering appointing Elizabeth Warren as interim head of the Consumer Financial Protection Bureau, bypassing a likely Senate confirmation battle, according to sources.

President Obama said on Friday that an announcement of a nominee to head the Consumer Financial Protection Bureau is coming "soon."

Day care center housed at the OTS collateral damage of Dodd-Frank passage; FDIC makes "Best Places to Work" list; longtime OCC employee leaves for a job as special adviser; and more.

Though much of the attention to the recently enacted regulatory reform law has focused on its creation of a consumer protection bureau, the Dodd-Frank Act also created an Office of Financial Research with an ambitious mandate — one many doubt it can accomplish. The office is tasked with collecting data on behalf of the Financial Stability Oversight Board and analyzing it to spot risks to the economy. Though observers praise the effort, many pointed to challenges, including who the agency will target, how much information it will collect and whether it can successfully analyze the data.

Though much of the attention to the recently enacted regulatory reform law has focused on its creation of a consumer protection bureau, the Dodd-Frank Act also created an Office of Financial Research with an ambitious mandate — one many doubt it can accomplish. The office is tasked with collecting data on behalf of the Financial Stability Oversight Board and analyzing it to spot risks to the economy. Though observers praise the effort, many pointed to challenges, including who the agency will target, how much information it will collect and whether it can successfully analyze the data.

President Obama said on Friday that an announcement of a nominee to head the Consumer Financial Protection Bureau is coming "soon."

White House press secretary Robert Gibbs hinted Thursday that the guessing game over the nomination of a director of the Consumer Financial Protection Bureau may soon come to an end.

Sallie Krawcheck shares Brian Moynihan's mantra; a retail veteran retires at Comerica; speculation over Elizabeth Warren possible CFPB nomination refuses to die

The Treasury Department announced Thursday that it will launch a pilot program to let consumers have their income tax refund deposited into a low-cost bank account.

While loan standards overall remain tight, there are signs they are beginning to loosen, according to a report issued Thursday by the Office of the Comptroller of the Currency.

Word that Harvard professor Elizabeth Warren won't be teaching her contract law class fueled rumors she will be nominated as director of the Consumer Financial Protection Bureau.

The Financial Crimes Enforcement Network on Wednesday issued a release reminding banks of concerns and anti-money-laundering guidance involving informal value transfer systems.

Federal Deposit Insurance Corp. Chairman Sheila Bair said Tuesday the agency would soon publish an interim rule on its new resolution authority over systemically important banking companies and certain nonbanks.

As the Federal Reserve Board and Office of the Comptroller of the Currency take over supervision of thrifts and their holding companies, savings and loans have grown increasingly scared about a possible crackdown on their business.

Analyst Richard Bove blames FDIC chief Sheila Bair for the weak economny; Calls for the resignation of Treasury Secretary Tim Geithner resound

Although President Obama made the creation of a Consumer Financial Protection Bureau a hallmark of the financial reform law enacted July 21, his delay in nominating the agency's first director could hamper its ability to get off the ground.

WASHINGTON — The thrift industry's profit fell to $1.49 billion in the second quarter, down from $1.72 billion in earnings a quarter earlier, the Office of Thrift Supervision said Wednesday.

Though the regulatory reform law took a crucial step toward simplifying mortgage disclosures by ordering a new consumer protection regulator to harmonize two conflicting statutes, the road ahead will be long and difficult.