Policy & Regulation

As the number of bank failures declines, the FDIC must cope with both 800 remaining problem banks and the risks posed by a future crisis.

President Obama on Wednesday appointed Richard Cordray as the first director of the Consumer Financial Protection Bureau through a recess appointment, dismissing efforts by Republicans to prevent such a move.

Despite improvements in the job market and low mortgage rates, Federal Reserve officials seem disappointed that their efforts to perk up housing are having little impact, according to minutes of the central bank's December monetary policy committee meeting.

Senate Minority Leader Mitch McConnell on Wednesday sharply denounced President Obama's recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau.

Kevin Kabat believes Fifth Third Bancorp can boost lending this year, somewhat offsetting low interest rates. He’d like to pursue acquisitions, though he admits that M&A activity may underwhelm again in 2012.

If Yaron Brook, the president of the Ayn Rand Institute, had his way, the next U.S. president would be former BB&T Corp. Chief Executive John Allison.

President Barack Obama is expected to announce Wednesday that he will recess appoint Richard Cordray to serve as director of the Consumer Financial Protection Bureau, bypassing Senate Republicans who had blocked the nomination.

President Barack Obama is expected to announce Wednesday that he will recess appoint Richard Cordray to serve as director of the Consumer Financial Protection Bureau, bypassing Senate Republicans who had blocked the nomination.

The credit card industry's total revenue fell to $154.9 billion in 2011, as borrowing grew sluggishly and issuers struggled to overcome regulatory restrictions, according to advisory firm R.K. Hammer.

President Obama's recess appointment of Richard Cordray to head of the CFPB will actually do more harm to the fledgling agency than good.