Policy & Regulation

John Stumpf, responding to allegations that Wells Fargo opened millions of unauthorized accounts, said his bank failed its customers and the American public, according to remarks prepared for the Senate Banking Committee.

Steve Eisman, who profited from the mortgage meltdown, tells an industry crowd why he thinks the financial system is safer under Dodd-Frank, why Silicon Valley is "clueless" about lending and what the next "big short" will be.

Contrary to their stated goals, the Fed's post-crisis regulatory and monetary policies may be contributing to U.S. income and wealth inequality, according to a new paper based on academic research from the Federal Reserve and foreign regulators.

Virtual currency advocates are hoping a recent surge of support in Congress can help them accomplish a long-sought goal of creating a safe harbor for companies that do not directly hold customers' funds.

All eyes will be on Well Fargo Chief Executive John Stumpf on Tuesday as he fights to defend himself before a Senate Banking Committee hearing against charges that he and other top bank executives should have earlier detected and stopped millions of phony accounts from being opened.

The Consumer Financial Protection Bureau can determine nearly anything to be an unfair, deceptive or abusive act or practice, and it's more likely to do so when lenders try to take advantage of regulatory loopholes.

The Department of Housing and Urban Development is taking a harder look at how mortgage lenders treat borrowers with limited English language skills.

The revelations at Wells Fargo are reminder to directors that when a bank's performance is too good to be true, it likely is.

The embattled bank is under pressure to claw back bonus pay from executives. Its decision figures to have ripple effects throughout the industry.

Online lenders have to make diversity efforts before they can be viewed as champions of economic justice, said Rep. Gregory Meeks, D-N.Y., during a Friday panel on fintech held during the Congressional Black Caucus Foundation's annual legislative conference.