Policy & Regulation

Facebook's payments revenue is growing dramatically each year — and its digital currency could soon threaten banks as it moves into more traditional channels.

The Small Business Lending Fund is projected to generate an $80 million profit, rather than the $1.3 billion cost initially estimated, according to a Treasury Department report.

Bernanke pushed back against House Republican criticisms that the Fed had no business issuing an unsolicited white paper detailing ways to potentially fix the housing market.

The FDIC has fined Stuart Voigt, a former Vikings player, and wants to ban him from banking after accusing him of improper dealings as chairman of a Minnesota bank.

Ally Financial is "on par" with any top-tier financial company — as long as analysts ignore the massive mortgage problems that made the lender lose $250 million in the fourth quarter, CEO Michael Carpenter says.

Federal Reserve Board Chairman Ben Bernanke on Thursday issued yet another a stark warning to lawmakers: fix the rising deficit before it puts the economy at grave risk.

An operation that marketed prepaid calling cards to immigrants will pay $2.32 million as part of a settlement to resolve charges that they made false claims to consumers about the number of minutes of talk time the calling cards would deliver.

Spurred by the financial crisis and its impact on their constituents, state attorneys general appear to be carving out a new role as de facto bank regulators. This trend, an unexpected fall out of the financial crisis and the passage of Dodd-Frank, may not as yet be fully appreciated. However, it seems increasingly clear that state AGs will be important arbiters of the way banks do business on a going forward basis.

A new study analyzing data from 15 years of state bank examinations has sparked a debate whether state regulators are not as tough as their federal counterparts.

With all the twists and backroom turns, government officials’ quest for a settlement and restitution from banks and mortgage servicers is starting to resemble a 1960s screwball comedy.