The Latest

The joint advisory by the Financial Crimes Enforcement Network, banking agencies and the Internal Revenue Service issued guidance for banks to detect unauthorized employment schemes as part of the administration's broader immigration crackdown. 

All 11 Democrats on the Senate Banking Committee are backing a bill that would restore and lock in funding for the Consumer Financial Protection Bureau.

Even the Federal Reserve has limited visibility into the nonbank and private credit markets. That's a problem for banks that are increasingly lending to those sectors.

Applications from Enova International and Opportunity Financial for national bank charters present a danger to consumers. The Federal Reserve and Office of the Comptroller of the Currency should block them.

Mortgage industry participants say Federal Housing Finance Agency Director Bill Pulte's new role as acting director of national intelligence could imperil progress on a potential initial public offering of Fannie Mae and Freddie Mac.

The bank tech provider sold off its U.S. mid-market banking business, including a core used by hundreds of U.S. banks, to a branch of Constellation Software.

The consumer intelligence company alleged that Chime willfully misused J.D. Power's name and trademark in its marketing materials. The neobank said it would "vigorously" defend its position.

The domestic focus of most instant settlement rails is evolving toward cross-border, creating an opportunity for the bank to approach corporate clients.

Members of the House Financial Services Committee pressed prudential bank and credit union regulators about the potential risks of bank lending to private credit firms in a hearing Thursday.

The megabank promoted Margo Pilic, CEO Jane Fraser's chief of staff since 2021, to a new job that combines bank strategy with investor communications. The promotion was one of several leadership changes announced by the bank.