Ian McKendry

President Trump met with community bankers on Thursday to highlight executive actions he has taken to provide regulatory relief to the industry and promote job growth.

Credit unions and financial institutions are required to take steps to protect against cyberattacks, but small businesses that process payments are not doing enough to protect the security of the financial system, a credit union executive said Wednesday.

Democratic senators are gearing up for a showdown with Republicans over a Consumer Financial Protection Bureau rule governing arbitration agreements in financial contracts.

Republicans have opened multiple fronts against the agency, undertaking separate efforts to cut its funding, roll back past and future rules, and make far broader changes.

Eleven senators sent a letter to Attorney General Jeff Sessions asking him not to enforce federal pot laws in states that have legalized marijuana.

Any money laundering investigation could ultimately entangle banks that have done business with President Trump and his various firms over the years.

Lawmakers from both sides of the political aisle voiced their support Wednesday for keeping credit unions' federal tax exemption intact even as the Trump administration and Congress prepare to make sweeping changes to the tax code.

A vote on a House plan to replace the Dodd-Frank Act may not happen as quickly as originally expected due to limited floor time and other legislative priorities, such as health care reform, that are likely to take precedent.

In President Trump’s first joint address to Congress, he listed several top priorities, including repealing Obamacare and enacting tax reform, but made no mention of reforming the Dodd-Frank Act.

Lawmakers voiced bipartisan support for regulatory relief, arguing that small financial institutions have had to bear the brunt of too many regulations.