Policy & Regulation

Federal Reserve Board Gov. Jerome Powell said Friday that he does not anticipate the central bank's interest rate policy changing because of real or perceived volatility in the market.

WASHINGTON — Federal Reserve Bank of New York President William Dudley will testify before a Senate panel next week on questions about whether the bank is too cozy with the industry.

The Department of Justice and the Federal Deposit Insurance Corp. have agreed to launch preliminary investigations into Operation Choke Point.

A report due next week on the Federal Housing Administration's financial health is expected to show that the agency's reserve fund has significantly improved over the past year.

Sen. Elizabeth Warren's rise to a spot on the Democratic leadership team has supporters cheering, but it remains to be seen how the role will affect her work on banking issues.

Senator Elizabeth Warren opposes President Barack Obama's nomination of Antonio Weiss to a top Treasury Department post because of the Lazard Ltd. executive's work on corporate tax inversions, a person familiar with the lawmaker's position said.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Consumer groups said that the Consumer Financial Protection Bureau was too soft in its prepaid card plan, arguing that it should have required more on upfront disclosures, banned overdraft charges, and completely severed prepaid cards from being tied to other types of credit.

Consumer groups said Thursday that the Consumer Financial Protection Bureau was too soft in its prepaid card plan, arguing that it should have required more on upfront disclosures, banned overdraft charges, and completely severed prepaid cards from being tied to other types of credit.

The Federal Reserve Bank of Dallas said President Richard Fisher will step down on March 19, making him the second district chief and voting policymaker this year to announce his retirement from the central bank.