Policy & Regulation

In a wide-ranging interview, the head of the Cleveland Fed talks about her support for a two-tiered regulatory system, the biggest threats facing the system, interest-rate risk, culture and cybersecurity.

A bank's culture cannot be chosen. Its values and goals can be. And an appropriate combination of values and goals then creates the environment to achieve a positive and lasting culture.

Gary Patton Hall Jr. hid underperforming and at-risk loans from the Federal Deposit Insurance Corp. and the bank's loan committee, the Federal Bureau of Investigation said in its indictment Thursday.

The Federal Reserve Board on Thursday announced release dates for its 2015 stress test results.

Sen. Elizabeth Warren said community banks have continued to be profitable despite new rules under the Dodd-Frank Act while raising fresh warnings about unnecessary changes to the financial reform law in the guise of regulatory relief.

WASHINGTON — The Consumer Financial Protection Bureau took action Thursday against three mortgage companies that, authorities say, falsely implied affiliation with the U.S. government.

Calls for U.S. regulators to reform money-transmittal rules are growing after a California bank cut off remittances to Somalia.

The Swiss National Bank's unexpected move to unpeg the country's currency from the euro serves as a reminder that central bank policies and actions can be hard to predict. Bank risk managers should stay on guard.

The Federal Reserve Board has raised several concerns about the interbank fee that is part of an industry group's plan to make funds available to consumers on the same day. It's another speed bump in the road to modernizing the U.S. payment system.

Top executives from Bank of America, U.S. Bancorp, American Express, Visa, MasterCard, Microsoft and Apple are expected to participate as part of a White House summit on cybersecurity issues in California on Friday.