Law and regulation

The prospect of banks and credit unions meeting small-dollar loan demand is at risk under the Consumer Financial Protection Bureau's restrictive proposal.

New York senators approved Vullo Wednesday as the superintendent of the New York State Department of Financial Services, a year after the exit of the last permanent superintendent.

More than a third of likely voters backing Democrat Hillary Clinton in the latest Bloomberg Politics national poll say she should pick Senator Elizabeth Warren of Massachusetts, a darling of the party's liberal wing, as her running mate.

House Republicans' plan to subject all federal regulators to the Congressional appropriations process is alarming industry observers, who argue it could hurt both banks and consumers.

Stonegate Bank in Florida has introduced a credit card that its customers can use in Cuba. In doing so, the $2.5 billion-asset bank, in Pompano Beach becomes first U.S. bank to make credit cards available for use in the Caribbean island nation.

WASHINGTON — Despite banker arguments that post-crisis financial reforms are damaging the health of the financial industry, Federal Deposit Insurance Corp. Chairman Martin Gruenberg sought Wednesday to paint a different picture, citing evidence that banks are doing well.

If banks don't weigh in on an appropriate privacy standard, they risk letting outside events spark onerous new regulations.

WASHINGTON — Congress may end up revisiting a long-fought battle over debit interchange fees after Rep. Randy Neugebauer, R-Texas, introduced legislation Tuesday that would eliminate current caps that were part of a contentious addition to the Dodd-Frank Act.

The OCC might also open up an outpost "where the tech firms are," the Comptroller of the Currency said Tuesday.

House Speaker Paul Ryan, R-Wis., unveiled a Republican agenda Tuesday aimed at jump-starting the economy which includes a number of financial reforms including revamping the Consumer Financial Protection Bureau and limiting bank regulations.