Policy & Regulation

More than seven months after the EMV liability shift, the majority of U.S. retail locations still haven’t upgraded their payment terminals to accept chip cards, with some small and midsize businesses citing the difficulty of getting their equipment tested and certified by appropriate organizations.

Hackers believed to be working from China accessed the computer systems of top officials at the Federal Deposit Insurance Corp., according to a top House lawmaker investigating the incident.

WASHINGTON — Democratic front-runner Hillary Clinton joined congressional Democrats Thursday in calling on the Federal Reserve to take steps to increase the diversity among heads of the regional banks, saying the existing system has disproportionately underrepresented women and minorities.

Small-scale financial services companies such as storefront lenders and local money transmitters which use technology should have a choice of whether they are regulated by a state or federal regime.

While Donald Trump has successfully dodged laying out clear policy goals, the exchange on Twitter clearly got underneath the New York businessman's skin and may force him to provide a few more specifics ahead of the general election.

The Consumer Financial Protection Bureau has charged a Mississippi company with refusing to disclose check-cashing fees to consumers, deceptively pressuring borrowers into taking out multiple payday loans and keeping overpayments.

Payday lenders on Wednesday pushed back against Google's plan to ban payday loan advertisements, arguing it was discriminatory and "a form of censorship."

WASHINGTON — House Republicans will likely unveil legislation within the next few weeks aimed at curbing Consumer Financial Protection Bureau regulations by giving the bureau a dual mandate, Rep. Steve Stivers said Wednesday.

A day before a top Federal Deposit Insurance Corp. official is set to testify about recent cybersecurity breaches, a leaked report shows the agency's troubles are more prevalent than previously known.

Ideas on the table for ending the too-big-to-fail problem won't work, so the only solution is a "leverage" ratio and continuous exams to ensure big banks never get in trouble in the first place.