Opinions

U.S. regulators are continuing to send a clear message about global financial services standards forged with other countries: they're not strong enough.

Tim Pawlenty, the former Minnesota governor turned bank lobbyist, is backing down from an election-style campaign against the Consumer Financial Protection Bureau after complaints from the firms he represents.

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House leaders are pushing to bring a bill on capital standards for non-banks to a vote on the floor this week, part of a larger package of reforms to the Dodd-Frank Act, according to several industry sources.

It's not clear there's time left in the legislative calendar for President Obama to fill the final two slots on the Federal Reserve Board this year, raising questions about what happens to those seats after the elections.

WASHINGTON — The Consumer Financial Protection Bureau has finalized a rule subjecting large nonbank international money transmitters to supervision by the bureau.

Just two days after Apple unveiled its new program designed to speed the adoption and use of mobile payments, Consumer Financial Protection Bureau Director Richard Cordray cited the burgeoning field as a key area of concern.

The Treasury Department is monitoring Wall Street efforts to escape U.S. swap-trading restrictions for overseas derivatives, according to a department official.

A top advisor to Treasury Secretary Jack Lew says real estate investment trusts "appear to be aligned" with the Federal Home Loan Banks' mission. The Federal Housing Finance Agency wants to boot REITs from the FHLB system.

Two days after Apple unveiled its attempt to advance mobile payments, CFPB Director Richard Cordray cited the burgeoning field as a key area of concern his agency needs to examine.