Law and regulation

JPMorgan Chase's top lawyer oversees a team of more than 1,900 legal professionals in 29 countries.

The Independent Community Bankers of America had initially called for a moratorium in response to SoFi's application, and says now that Square's bid "has significantly increased our concerns."

The bill would create a federal obligation for credit reporting agencies to offer free credit freezes and prevent them from selling consumer information while a freeze is in place.

The move has been called a major advocacy victory for credit unions.

The changes are aimed at aligning requirements with a new Consumer Financial Protection Bureau rule under the Home Mortgage Disclosure Act.

Square became the third fintech firm in recent months to seek out a bank charter. Others are likely to follow.

All 12 credit unions subject to late fees had assets of $50 million or less.

The legislation introduced by Reps. Jared Polis, D-Colo., and David Schweikert, R-Ariz., would allow cryptocurrency users to make transactions of up to $600 without paying taxes.

The changes to the National Multistate Licensing System will include a more customized user experience for companies and functionality for states to share examination data.

The ICBA is calling on regulators to remove Wells Fargo board members and senior management after a series of scandals have plagued the bank.