Regulation

Senate Democrats delayed a planned panel vote Monday on the nomination of Treasury Secretary-designate Steven Mnuchin, pushing it back until Tuesday morning.

PHH Corp. is opposing an attempt by Democratic attorneys general in 16 states and the District of Columbia to intervene in an appeals court case that found the Consumer Financial Protection Bureau unconstitutional.

The largest U.S. banks are treading lightly in response to President Trump's executive order banning travel to the U.S. by refugees and others from certain Muslim nations. Corporate statements emphasize the need for diversity while stopping short of outright opposition.

Several prominent Democrats, including Minority Leader Charles Schumer, said Monday that they would oppose the nomination of Treasury Secretary-designate Steven Mnuchin.

After initially declining this weekend to weigh in on President Trump’s travel ban regarding refugees and others traveling from seven nations, Citigroup said Monday that it is worried about the order’s impact on its employees and customers.

In a sharply worded message to staff, Lloyd Blankfein, Goldman Sachs' longtime head, broke with the Trump administration over its controversial attempt to crack down on immigration.

By cutting back on paperwork requirements and regulatory red tape, policymakers can unleash the power of community banks to spur lending and economic growth.

Citi is close to deals to sell its customer and non-customer servicing portfolios; Wells tries to limit investor resolutions in its annual meeting proxy materials.

Congress has proposed repealing the Durbin Amendment, a move that would be costly to small businesses which have benefited from the reform.

If offering a national regulation option to fintech players is the carrot, compliance with commonsense borrower protections could be the stick in promoting responsible financial innovation.