Policy & Regulation

This is the latest of multiple name changes for the company, which used to be called IdeaEdge Inc. IdeaEdge was already trying on a new name, Socialwise Inc., when it launched the BillMyParents alternative payment product in 2009. Then in 2011, the company renamed itself again, calling itself BillMyParents Inc.

Federal Reserve Board Chairman Ben Bernanke said Friday the central bank is continuing to take precautionary steps to ensure that prolonged low long-term interest rates will have minimal impact on financial stability.

The Federal Deposit Insurance Corp. has freed the Bank of Granite in Granite Falls, N.C., from an enforcement action.

Sen. Elizabeth Warren reportedly closed on a two-bedroom, two-bath condo in Washington's Penn Quarter neighborhood last month.

With its new depositor preference proposal, the FDIC decided to skip over the current problem and fix one that doesn't exist — yet. Its solution places more burden on banks, but may save the agency from eventually insuring foreign deposits.

Citigroup Inc., the world’s biggest credit-card lender, is facing rising costs from the misselling of so-called add-on card products in the U.K. and U.S.

Nearly a month has passed since Visa Inc. offered its technology for the creation of a common debit code for EMV chip-card payments — a necessity under federal regulation. Yet it is becoming apparent that issuers remain in a waiting game that could last several more months.

Sen. Bob Corker, R-Tenn., said recent profits at Fannie Mae and Freddie Mac should go toward helping build a new mortgage finance system.

TBTF may just be the cool "in" phrase for the wealthy libertine set, according to Comedy Central's "The Daily Show."

Oak Ridge Financial Services Group in Minneapolis announced Feb. 25 that Savino "Bud" Ranallo has been named senior vice president of institutional sales.