Neil Haggerty

The 2020 elections and a potential new chair of the Senate Banking Committee in the next Congress could put a deadline on passage of a bill to ease a key anti-money-laundering requirement for banks.

A 10% cut next year, which will be identical to the fee reduction this year, is projected to save the industry about $85 million.

House Democrats described the disparate impact standard as "the most important tool" for enforcing the Fair Housing Act.

The House Financial Services chair is sponsoring a bill with one of the Democratic presidential contenders aimed at alleviating the public housing capital backlog.

Five Democrats running for president support the legislation introduced Wednesday that would require the central bank to form an advisory group to analyze how climate change would affect the financial system.

The financial policy views of progressive candidates atop the presidential field are sure to worry many in the financial services industry, but it would be difficult for any new president to implement sweeping regulatory changes.

The 2015 decision posed new legal challenges for institutions trying to sell loans to third parties, but the federal regulatory agency proposed steps Monday for banks and debt parties to evade state interest rate caps.

The financial policy views of progressive candidates atop the presidential field are sure to worry bankers, but it would be difficult for any new president to implement sweeping regulatory changes.

Global stablecoins could hurt financial stability if they are improperly designed and unregulated, according to a Fed report.

Bankers had worried about Rep. Maxine Waters' control of the Financial Services Committee, but many now say the Democrat’s working relationship with the panel’s top Republican is refreshing.