Policy & Regulation

The Federal Reserve raised its benchmark interest rate by half a percent this week, but chair Jerome Powell said the question now is how long to keep monetary policy tight.

In a series of tense exchanges, Republicans accused Consumer Financial Protection Bureau Director Rohit Chopra of making rules through press releases.

The Federal Deposit Insurance Corp. has proposed a rule to modernize representations of insured deposits and finalized guidelines for appeals of material supervisory determinations.

The FHFA should focus on the facts as it ponders the future of the Federal Home Loan Bank System.

The ranking Republican on the Senate Banking Committee discusses his bid to bring transparency to the Federal Reserve, partnering with Elizabeth Warren and what's next for his career.

Sens. Elizabeth Warren, D-Mass., and Pat Toomey, R-Pa., have joined forces to subject regional Fed banks to heightened public scrutiny. How long the coalition lasts depends on what that new scrutiny reveals.

Danske Bank A/S admitted to fraud and agreed to forfeit $2 billion to end a long-running U.S. probe into money laundering at its Estonia branch, an embarrassing episode that led to the ouster of top management and pushed thousands of customers to leave.

Nonbanks would have to inform the CFPB of any state or local court decisions against them involving consumer financial products, under a new proposed rule. That information would be pooled with data about federal violations and be made available to the public.

The central bank's governing body said a limited disclosure would satisfy its obligations under administrative law. The Kansas City Fed, meanwhile, would be subject to full discovery.

The agency is needlessly raising banks' costs at a time of severe economic uncertainty.