Policy & Regulation

In a State of the Union address declaring that “the shadow of crisis has passed,” President Obama said he will veto efforts to roll back financial reforms further while he reiterated support for a bill addressing cyber threats.

Fulton Financial in Lancaster, Pa., reported lower quarterly earnings that reflected the costs of complying with a regulatory order.

The Consumer Financial Protection Bureau has finalized tweaks to a mortgage disclosure rule set to take effect later this year.

The industry is breathing a little easier now that the Supreme Court declined to hear a case that merchants hoped would lead to even lower debit interchange fees.

Altisource Portfolio Solutions promoted John Vella to the new position of chief revenue officer in a bid to grow beyond its relationship with embattled former parent Ocwen Financial.

WASHINGTON — The Supreme Court has declined to take up an appeal from retailers seeking to toughen Federal Reserve Board restrictions on debit interchange fees charged by financial institutions.

A Wall Street lobbying group said President Barack Obama's plan to raise $110 billion over the next decade through a new tax on financial companies could stifle economic growth and make banks less likely to lend.

The Office of the Comptroller of the Currency closed First National Bank of Crestview in Florida on Friday, marking this year's first bank failure.

The Federal Trade Commission announced its largest-ever payday lending settlement on Friday, as two companies agreed to pay $21 million and waive another $285 million in charges that were never collected from customers.

Industry officials insist the Federal Reserve's extension of a key compliance deadline was meant to aid the implementation process, but critics say it could lead to another effort on Capitol Hill to roll back key chunks of the controversial regulation.