Regulation

While having direct access to the U.K.’s real-time transaction network might not lower costs for non-banks, it will allow providers to make their own risk decisions.

The dialogue comes as the central bank is mulling a potentially momentous application by an upstart credit union that hopes to serve the marijuana industry.

President Obama's nomination of a Allan Landon, a former community banker, to fill one of two vacant seats on the Federal Reserve Board is in danger of withering on the vine as a rapidly closing legislative window, potential parliamentary issues and other concerns are conspiring to significantly slow the process.

JPMorgan chief Jamie Dimon tried to defend his bank's size and scope by suggesting that community banks are just as vulnerable in a crisis. But he succeeded only in proving that Wall Street firms will make the same mistakes all over again unless the government takes steps to disincentivize their risky behavior.

WASHINGTON — The Federal Reserve Board finalized a rule Thursday that could spur small bank deals by expanding the number of bank holding companies that qualify for an exception allowing them to carry more debt.

WASHINGTON — The House is slated to vote on a host of regulatory relief bills next week when Congress returns from its spring break.

Top Republicans on the House Financial Services Committee are asking federal regulators to cease all activity related to the Justice Department's "Operation Choke Point" and any related investigations.

WASHINGTON — Mortgage lender RMK Financial Corp. is facing a $250,000 fine by the Consumer Financial Protection Bureau on grounds that it used deceptive advertising.

Bank regulators plan to release their self-assessment tool later this quarter to gauge institutions' cyber readiness, but many see it as sign of more prescriptive measures down the road.

A group of community lenders is calling on the Treasury Department to establish reserves to capitalize a new cash window in case Fannie Mae and Freddie Mac are dismantled.