Policy & Regulation

Now that Wells must abide by the central bank's asset cap through year-end, it may have to divest more nonessential assets and take other steps to open up room for core loan growth.

Sen. Elizabeth Warren is asking whether acting White House Chief of Staff Mick Mulvaney's reported talks to be president of the University of South Carolina violated the Stop Trading on Congressional Knowledge Act.

CUNA and NAFCU both issued letters to the National Credit Union Administration suggesting ways federal credit union bylaws could be amended.

Wells Fargo & Co. is planning to operate under a Federal Reserve asset cap through the end of 2019, rather than just the first half of the year, as it takes longer than anticipated to correct issues in its consumer business.

Although most consumer-facing financial institutions now offer mobile applications, that doesn’t mean that they are ready for a world where smartphones are the primary point of contact with their customers, writes Rune Sorensen, a product manager at Nets.

The bank missed expectations although profit rose 67%; with the California Democrat leading the House Financial Services Committee, deregulation could slow.

Fragmented and manual AML processes pose a challenge to many institutions, contends Edmund Tribue, risk and regulatory practice leader for NTT.

The revised recommendations are one of the last remaining pieces left to finish in the Basel III capital accords.

Despite the ongoing federal work stoppage, some scheduled activities are still taking place this week in Washington.

The agency is expected soon to propose a revamp of the 2017 regulation that would eliminate the ability-to-repay provisions, which small-dollar lenders saw as a direct threat to their business.