Policy & Regulation

Although much of a hearing Wednesday was dominated by concerns about employee discrimination at the CFPB, Director Richard Cordray said new rules for prepaid cards were coming soon along with a study on fair lending issues related to indirect auto loans.

The Federal Housing Administration is on better financial footing thanks to an expected $418 million payment from SunTrust in a settlement resolving claims that the bank originated defective loans.

A bipartisan group of House lawmakers is calling on the White House to select a nominee to the Federal Reserve Board with community banking experience.

Federal Reserve Board Chair Janet Yellen on Wednesday offered few clues when regulators would move ahead with issuing a proposal to address risks tied to short-term wholesale funding.

WASHINGTON - The Federal Reserve Board on Wednesday continued to shrink its stimulus program by yet another $10 billion clip.

The battle over funding for a Department of Justice program to root out fraud in the payments processing industry is heating up this week, as the Senate begins consideration of the law enforcement agency's appropriations bill.

In the era of shadow banking, regulators should focus not on which asset management firms to regulate, but on which asset management activities.

Even though Bitcoin merchant processor BitPay is not required to maintain an anti-money laundering (AML) program, the startup maintains one and is beefing it up with the hiring of former Visa executive Tim Byun.

Rep. Randy Neugebauer, R-Texas, introduced a new plan Tuesday to modify and extend the Terrorism Risk Insurance Act.

Julian Castro pledged to recapitalize the FHA insurance fund and work with Congress on GSE reform but equivocated when a Senator asked about cities condemning underwater mortgages.