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Freddie Mac produced modest second-quarter results, reflecting a stabilizing business that CEO Donald Layton compared to a utility company.

Greater Christ Baptist Church Credit Union had assets of just $608,000, and saw mounting losses during each of the last three years.

The decision, unveiled just hours after the Treasury Department endorsed the charter concept, means some fintech firms could soon be regulated more like banks.

Lawmakers authorized a four-month extension less than a day before the program was set to expire.

Lawmakers authorized a four-month extension less than a day before the program was set to expire.

The state follows Colorado’s lead in adopting reforms pushed by the Pew Charitable Trusts.

The agency said multiple stakeholders had requested more time to evaluate the proposal.

At least six groups are exploring opening new banks in the state, which is enjoying an economic recovery and has a dearth of local financial institutions.

The National Credit Union Administration's ruling bans a former CU employee from participating in the affairs of any federally insured financial institution.

The Trump administration is making more than 80 recommendations to encourage financial innovation within a regulated space, including endorsing the creation of a federal fintech charter.

Stock options offered employees during the financial crisis are now worth $3 billion; the JPM CEO says he talked with Jeff Bezos about a job two decades ago.

Visa has partnered with U.S.-based fintech novae to launch an omnichannel digital rewards platform for Visa card-issuing banks in Latin America and the Caribbean. The collaboration with San Francisco-based Novae is an example of the card network's open approach to fintech.

In a letter to heads of five federal regulators, Sens. Elizabeth Warren, Sherrod Brown and Jeff Merkley say the public should know the impact of Volcker in light of proposed changes.

The letter from 29 Republicans, including some who may chair the House Financial Services Committee next year, urges the Federal Reserve’s top regulator to "recalibrate" the capital surcharge for banks like JPMorgan Chase and Citigroup.

The announcement follows a news report that said it routinely and without notification charged higher rates than it initially quoted.

Some startups are eschewing San Francisco and New York to set up shop in the middle of America. And for good reason.

The banking industry group has so far endorsed six candidates in their re-election campaigns for the upcoming November elections.

The company defended its prices for currency conversions after a report said employees boosted rates for some business customers without notifying them.

JetStream FCU’s Jeanne Kucey says her greatest goal as NAFCU board chair is regulatory relief for credit unions, and she'll do whatever she can to achieve that in the year ahead.

Allowing alternative data such as rent and utility payments has bipartisan support, but some say it could create more problems than it solves.