Policy & Regulation

President Obama hit on several important issues for bankers in his annual address to Congress Tuesday night, including mortgage finance reform, though as expected financial services issues largely took a backseat to other national concerns, like unemployment and the minimum wage.

It's still unclear what New York's planned "BitLicense" actually is, but the New York Department of Financial Services says its license is meant to encourage Bitcoin businesses to operate and innovate in the state.

President Obama used his State of the Union address Tuesday evening to call for the creation of a new government-backed retirement savings account and reiterate a call for comprehensive housing finance reform.

Richard Cordray, the Consumer Financial Protection Bureau's normally unflappable director, reacted angrily Tuesday to suggestions by lawmakers that he and his agency do not care about borrowers who purchase manufactured housing.

Japan, Germany, the United Kingdom and New Zealand are among the countries where local post offices provide a wide range of banking services.

The Senate voted to begin debate Monday night on legislation that would delay flood insurance premium increases for some homeowners.

Southern First Bancshares (SFST) in Greenville, S.C., used a private placement to convert preferred stock tied to the Troubled Asset Relief Program into common stock.

Charlie Shrem, the digital currency entrepreneur indicted on money laundering charges, has resigned as vice chairman of the Bitcoin Foundation.

New York's financial regulator today said that the state will propose regulations for oversight of virtual currencies such as Bitcoin this year.

Benjamin Lawsky, New York's financial regulator, today said that the state will propose regulations for oversight of virtual currencies such as Bitcoin this year.