Organization Root Tag

Rep. Denver Riggleman, R-Va., explains why he has introduced legislation requiring greater transparency over the Federal Reserve’s forthcoming payment system.

A research paper says the president’s constant criticisms are driving Fed policy, directly or indirectly; the huge demand by banks for cash may be the result of tougher regulations.

The regulator has pledged to put forth a rule on credit union-bank purchases before the end of the year. It's likely to lead to another clash with bankers.

Scharf next month will become the fourth leader at Wells Fargo in three years. Meanwhile, Bank of New York Mellon has named Thomas P. "Todd" Gibbons as acting chief executive.

Chairman Rodney Hood has pledged to put forth a rule on CU-bank purchases before the end of the year. It's likely to lead to another clash with bankers.

Readers sound off on climate change, the Federal Reserve's incoming real-time payments system, efforts for gender pay equity and more.

Their challenge is creating a viable, profitable product that doesn't get flagged for being predatory.

New plans for a ballot initiative in November 2020 threaten to overturn concessions that financial institutions, tech firms and other companies have won from state lawmakers.

The Minneapolis bank said it will provide $8.2 million in grants to nonprofits that arm potential workers with cutting-edge skills and promote small-business growth. Banks say the investments will help them and their commercial customers close the skills gap.

The shareholders' claims against Fannie Mae and Freddie Mac's regulator mirror arguments in cases challenging the Consumer Financial Protection Bureau.

An initial review determined that lax oversight at Enloe State Bank allowed for the origination of more than 100 allegedly fraudulent or fictitious loans.

Though a draft has been circulating since this summer, eight senators on Thursday officially released a bill to require companies to disclose their true owners at incorporation.

The Federal Housing Administration should monitor reverse mortgage servicers more closely and track related data that would shed light on a rise in defaults, according to a Government Accountability Office report.

When health care executive Raj Rajamannar joined Mastercard as marketing chief six years ago, his background at Humana and WellPoint hinted at a different perspective.

A hearing on legislative proposals exposed a sharp partisan divide over a regulatory plan to restrict the frequency of collection calls.

Microsoft Corp., Mastercard Inc. and the Hewlett Foundation are funding a new organization that is planning to help dissidents and other vulnerable groups across the world defend against hackers.

Mastercard signaled a new direction for corporate payments when it bought VocaLink a few years ago, and the company’s emerging vision for a B2B payments network suggests a new challenge for its commercial cards business.

Citigroup has set measurable goals for increasing representation of women and U.S. minorities in senior, higher-paying roles and CEO Michael Corbat is urging other financial firms to follow suit.

The once-acquisitive company is not interested in a "roll-up strategy" in Texas's biggest city, said CEO Phil Green. In a Q&A, he also explained why loan competition is intensifying and what's really keeping business customers up at night.

The legislation included changes designed to attract more Republican support, which is key to the measure ultimately becoming law.