Neil Haggerty

Sens. Mike Crapo and Sherrod Brown are asking Facebook about its consumer financial data collection practices as they consider data privacy legislation.

The chairwoman of the House Financial Services Committee said the panel will be holding its own public hearings on the proposed merger.

House lawmakers postponed a committee vote on legislation to require beneficial ownership disclosures, nearly a year after a different anti-money-laundering bill stalled over a similar provision.

Lawmakers are poised to advance a bill requiring that commercial customers identify their beneficial owners — taking that burden away from their financial institution — but the anti-money-laundering reform arguably most favored by banks has fallen off the radar.

The announcement comes after several news reports that Stephen Moore would not back down from his anticipated nomination to serve on the Fed despite growing concerns from Republican senators.

Congress has broad subpoena powers to demand the president’s financial records, but no bank wants to disclose confidential information about a powerful client.

With the candidates still introducing themselves to voters and honing their message, little has been said about the financial industry.

With the candidates still introducing themselves to voters and honing their message, little has been said about the financial industry.

The central bank issued an enforcement action against Sumitomo Mitsui Banking Corp. and its New York branch, citing deficiencies related to risk management and compliance with the Bank Secrecy Act.

Ex-Sens. Heidi Heitkamp, D-N.D., and Joe Donnelly, D-Ind., played key roles in negotiating the 2018 regulatory relief bill, but then went on to lose their re-election bids in the midterm elections.