Opinions

The central bank is floating the concept of using the Internet to facilitate the direct clearing of transactions between financial institutions, which would likely diminish its own role in the U.S. payment system.

Outcries about regulators' negligence in ending too big to fail ignore a number of major developments since the financial crisis, including the new orderly liquidation authority and the overhaul of the regulatory capital framework.

Many colleges partner with banks to offer students special accounts. Unfortunately, the benefits of these accounts are grossly overstated and can even cause harm.

There's an almost endless list of reasons for payment companies to avoid doing business in Russia, but the opportunities are just as vast.

In unusually expansive comments, Consumer Financial Protection Bureau Director Richard Cordray provided new details Tuesday about proposals due soon from the agency while offering insights into an internal battle over easing a key mortgage rule.

The Senate Banking Committee's first look at regulatory relief for small institutions provided key insights into how the panel is likely to tackle the topic legislatively this year, suggesting it could be a long and contentious debate.

The creation of a new cybersecurity agency is the latest move by the Obama administration to combat the increasing threat of cyberattacks.

WASHINGTON — NewDay Financial has agreed to a $2 million fine after the Consumer Financial Protection Bureau alleged that the mortgage lender engaged in an improper kickback scheme and used deceptive marketing tactics targeted at veterans.

Mozido LLC is buying its way into China, giving it a head start as big companies like Apple also eye the country's payments market.

A better way to deal with the "too big to fail" problem would be to impose higher capital requirements or to issue "rescue" bonds to bank investors.