Policy & Regulation

A long-anticipated financial rule could help law enforcement root out illegal activity, but it requires banks to keep extra-close tabs on certain business clients. That won't be easy.

Circle Internet Financial says it is now worth $3 billion following latest funding round; proposed changes would give banks more leeway to make some trades.

After months of delay, the House is planning to vote on legislation next week that would amend the Dodd-Frank Act.

President Trump has nominated Michael Bright, the current acting president and chief operating officer of Ginnie Mae, to head the agency full time.

Acting CFPB Director Mick Mulvaney suggested that digital mortgages should be held to different standards than ones originated by credit unions and banks.

A pair of nominees to the Federal Reserve Board vowed Tuesday to protect the independence of the agency if confirmed, but avoided taking hard stances on pending regulatory issues.

The proposed change would give banks more leeway in making trades and put more onus on regulators to challenge their judgments, sources said.

The two major national credit union trade associations have sent recommendations for improving the Consumer Financial Protection Bureau’s enforcement processes.

The former Citigroup CEO is investing $100 million in Fair Square Financial, a midmarket card issuer; the exit leaves one executive atop the bank’s securities division.

Freelance payment companies are taking advantage of the Trump administration's immigration policies, which are starting to drive more work to freelancers in the U.S. and overseas.