Policy & Regulation

The House Financial Services Committee approved a data security bill Tuesday that would require all financial companies to have similar security protections and notification requirements as banks.

The window is rapidly closing for the inclusion of key banking measures in the budget package as lawmakers remain sharply divided over the bill.

Several CEOs hitting the magic age of 63 have chosen to sell their institutions, suggesting a dearth of younger executives waiting in the wings.

The Financial Stability Oversight Council is an enigmatic interagency body that has not provided enough rationale for designating certain insurance firms as a threat to the economy, the Republican leadership of the House Financial Services Committee said Tuesday.

The Consumer Financial Protection Bureau's Calvin Hagins warned mortgage lenders about the regulatory agency's four exam priorities for next year: loan-officer compensation, steps taken to ensure borrowers' ability to repay, compliance with "Know Before You Owe" consumer disclosures, and marketing services agreements.

The danger posed by the Federal Reserve is in its unchecked power coupled with its inability, like that of any institution, to predict the future.

WASHINGTON — More than 442,400 consumers were affected by the Oct. 12 glitch that froze RushCard users' funds after a payment processor switch, the company told lawmakers.

WASHINGTON — The Consumer Financial Protection Bureau is seeking $1.85 million in fines and restitution from EOS CCA, a Norwell, Mass., debt collection firm accused of holding on to a tainted AT&T portfolio of old cellphone bills.

WASHINGTON — Democratic presidential candidate Hillary Clinton is urging lawmakers to push back on Republican efforts to insert banking provisions into a yearend budget bill.

The upcoming release of the evaluations for the largest banks' resolution plans won't just reflect on the institutions themselves, but the regulators as well. Here's why.