Policy & Regulation

During the Credit Union National Association conference on Wednesday, Richard Cordray, the director of the Consumer Financial Protection Bureau, said smaller financial institutions should lend beyond a new ultrasafe class of mortgages created by the agency.

Checking account regulations are outdated even for their primary product. Why would you want to regulate prepaid cards with a set of archaic rules?

Following allegations that the FHFA killed a Fannie Mae plan that would have saved homeowners and taxpayers hundreds of millions of dollars, the ranking member of the House Finance Committee has asked the regulator to explain its decision.

At a Credit Union National Association conference in Washington on Wednesday, Sen. Elizabeth Warren defended both the Consumer Financial Protection Bureau and its director Richard Cordray.

Wilbur Tate III was charged Wednesday with taking bribes from Oxford Collection Agency.

Are regulatory rules meant to make big banks safer instead doing more to shield them from competition from smaller players?

The sales pitch behind many mobile payment systems is convenience, but some companies are learning that when a payment system becomes too convenient, the backlash can last for years.

The Senate confirmed White House Chief of Staff Jack Lew to be the next Tresaury Secretary by a vote of 71-26 on Wednesday night.

Former White House Chief of Staff Jacob J. Lew won Senate confirmation to become U.S. Treasury secretary, a job that will immediately thrust him into fights with Congress over the country's debt limit, spending cuts and a threatened government shutdown.

Housing counselors grilled mortgage settlement monitor Joseph A. Smith on why banks are not disclosing data that would show whether communities hit hardest by the foreclosures crisis are getting the bulk of the relief.