Policy & Regulation

The bureau could offer an X Prize, encouraging companies to solve problems through competition or invite applications from entrepreneurs and financial companies, providing those with the most promising ideas a time-limited waiver for pilot tests.

The Federal Reserve Bank of Richmond said Margaret E. "Lyn" McDermid has been named the chief information officer for the Federal Reserve System.

International Bancshares (IBOC) in Laredo, Texas, has completed the repurchase of its remaining 131,000 shares of preferred stock issued under the Troubled Asset Relief Program.

The House Republican Conference elected the Texas lawmaker as the next chairman of the House Financial Services Committee on Wednesday.

As policymakers mull the future of U.S. mortgage policy, Federal Housing Finance Agency chief Ed DeMarco sees a potential starting point in an entity he does not regulate: the Federal Housing Administration.

Many bankers in the New York area saw few effects from the October hurricane, while the Philadelphia area saw widespread bank and ATM closures, according to the Fed's Beige Book.

The risk profession continues to aid and abet our tendency to want to quantify everything. But understanding real life is ultimately a social, not physical, science.

Just days after the Senate's top Democrat, Harry Reid, proposed a two-year renewal to the Transaction Account Guarantee program, a leading Republican on the Senate Banking Committee came forward and said he plans to oppose the extension.

Federal Reserve Board Gov. Daniel Tarullo on Wednesday offered an early peek at significant policy changes U.S. regulators are considering for the supervision of large foreign banking organizations.

The effort to extend the Transaction Account Guarantee, which is due to expire at yearend, received a major "boost this week after Senate Majority Leader Harry Reid unveiled a bill to keep it alive for another two years," writes American Banker's Joe Adler.