Regulation

The Federal Reserve System released a detailed vision for improving the speed of the U.S. payment system. It is latest step in a process meant to spur change at a time when the country has fallen far behind many nations that have adopted real-time payments.

Federal Reserve officials have been calling on banks to strengthen their ethical cultures. The message will carry more weight if regulators are willing to turn the spotlight on their own practices.

Janell Thompson and Katarina Maloney say choosing the "wrong" name for their company was all it took to run afoul of banks and be labeled as co-owners of a high-risk business.

A plan to tax the liabilities of systemically important banks could help curb risk to the financial system, but the president and Congress should first consider more realistic asset thresholds.

The Illinois Department of Financial and Professional Regulation closed the $54.7 million-asset Highland Community Bank in Chicago on Friday.

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Early signs point to a wave of Federal Housing Administration borrowers trying to tap into lower prices for mortgage backing.

The Justice Department has subpoenaed another subprime auto lender as it extends its investigation into the industry.

Seaway Bank and Trust in Chicago has entered into a consent order with state and federal regulators.

The Consumer Financial Protection Bureau on Friday announced four appointments to the agency’s leadership team