Policy & Regulation

A new report from the Office of the Comptroller of the Currency finds potential industry threats from interest rate volatility, looser underwriting and other areas.

Federal Reserve Board Chair Janet Yellen fought back Wednesday against accusations that the New York Fed and its president are too close to the biggest banks, saying the central bank and William Dudley have significantly toughened oversight since the financial crisis.

The president's decision to bolster ties with the island nation will likely give banks relief from sanctions, as well as expanded opportunities for money transfers and the financing of U.S. exports.

The CFPB sued Sprint on Wednesday, claiming it allowed illegal charges onto customer's cell phone bills. The case is likely to be a test of whether the agency has the power to oversee telecommunications firms.

WASHINGTON — The Federal Deposit Insurance Corp. on Wednesday offered additional guidance to firms drafting resolution plans, this time focusing on strategies for cleaning up large subsidiaries.

The Consumer Financial Protection Bureau is suing a Dallas company that the agency says misled customers into signing up for a "sham" credit card.

The Consumer Financial Protection Bureau filed a lawsuit against Sprint Corp., alleging it illegally processed improper third-party billing charges – marking the first time the agency has pursued a telecommunications firm.

The Consumer Financial Protection Bureau said Wednesday it had filed a lawsuit against Sprint Corp., alleging it illegally processed improper third-party billing charges — marking the first time the agency has pursued a telecommunications firm.

The Office of the Comptroller of the Currency says its cybersecurity exams already include many of the same requirements New York's financial regulator recently spelled out for assessments of state-chartered banks.

The Senate approved a bill late Tuesday that would retroactively extend more than 50 expiring tax provisions for one years, including one that shields distressed homeowners from paying taxes on any mortgage debt forgiven in a short sale.