The Latest

Initial regulatory steps toward giving credit unions access to alternative sources of capital could add to bankers' concerns that their tax-advantaged rivals are expanding beyond their mission.

The Connecticut bank said a spike in business lending and residential mortgages gave its fourth-quarter earnings a boost.

American Express Co., the largest U.S. credit-card issuer by purchases, said fourth-quarter profit fell 8.2 percent as expenses exceeded analysts’ estimates and the firm set aside more money to cover bad loans.

The Consumer Financial Protection Bureau on Thursday sued TCF National Bank for what the bureau said were deceptive and abusive practices in selling overdraft services.

Bankers are sure to pounce on the chairman’s statement that this could 'change what it means to be a credit union.'

The global money transmitter will pay $586 million and implement an anti-fraud program in order to resolve allegations that it enabled widespread misconduct by some of its employees.

"There is an added sense of urgency now," says Barbara Roper, director of investor protection at the Consumer Federation of America.

In his confirmation hearing, Treasury Secretary-designate Steven Mnuchin said he wanted to work with both parties to find a “bipartisan fix” for the housing finance system.

BBVA Compass has renewed its long-term payment services agreement with TSYS for processing consumer, commercial and small-business credit cards.

Labor Department sues JPM over discriminatory pay practices; Krawcheck: key to closing equality gap is financial equality; Rep. Maloney: administration should make gender pay gap a top priority.