Policy & Regulation

The heads of the Federal Deposit Insurance Corp., National Credit Union Administration, Office of the Comptroller of the Currency and the Vice Chair of Supervision at the Federal Reserve are slated to appear before the House Financial Services Committee Thursday morning.

The agency is in discussions with the rent-rewards fintech regarding how it handled a card changeover after Wells Fargo ended its partner bank contract early.

Bank CEOs pay is rising again, as the leaders of the largest banks all top $40 million now; the next Fed chair needs to contend with a splintered board.

A revised Basel III endgame proposal from the Federal Reserve would fundamentally change the economics of mortgage lending for banks — improving returns, reshaping pricing and reopening a market they sidelined.

Roughly 80% of banks with more than $100 billion of assets were deemed well-managed in the Fed's latest supervision and regulation report, a sharp increase from 2024.

Cheungkin Lam fed customers' account details to a crew that drained their balances, including $417,300 from one account that TD had to repay.

New York borrowers want the Supreme Court to rehear a case requiring banks to pay interest on mortgage escrow accounts, due to a split among appellate courts.

There is a difference between combating discrimination and forcing bankers to ignore problems.

Federal Reserve Board Governor Jerome Powell's decision to remain on the board he once led combined with a lack of explicit rules governing Fed governance could lead to a power struggle that hasn't been seen in a generation.

Analysts said Bill Pulte's new additional role as spy chief will further delay GSE privatization efforts, although that could change if he formally departed.