Regulation

Bankers and their representatives harshly criticized a call for the U.S. Postal Service to offer financial products like debit cards and remittances to underbanked consumers, saying it was a dangerous and foolhardy idea.

Freshman Rep. John Delaney is said to be considering a gubernatorial run in Maryland but he said Saturday that he plans to stay in Congress.

The JPMorgan Chase chief’s recent raise is sure to reignite debate over executive compensation and how bank CEOs should be judged.

Authorities arrested the former CEO of a defunct Bitcoin exchange company on charges of conspiring to launder more than $1 million for users of the online drug market Silk Road.

Authorities arrested the former CEO of a defunct Bitcoin exchange company on charges of conspiring to launder more than $1 million for users of the online drug market Silk Road.

The Postal Service could raise $8.9 billion annually by offering reloadable debit cards, loans, remittances and other financial services products that target the underbanked, according to a report issued Monday by the agency's Office of Inspector General.

Tim Pawlenty, president and chief executive of the Financial Services Roundtable, is urging Congress to pass information-sharing legislation and toughen requirements on retailers in the wake of the major data breach at Target.

Sheila Bair, who ran the Federal Deposit Insurance Corp. during the financial crisis, will become an independent director for the Spanish banking powerhouse.

Federal legislation is needed to enhance cyber-threat information sharing so that good-faith responsive actions and information sharing will not trigger legal liability.

Experienced community bank executives know that failure to manage their bank’s sensitivity to interest rate risk can cause financial troubles.