Regulation

A three-stage plan combining data analysis, public disclosure and market-based regulatory intervention would better align financial services with what consumers really need.

The OCC’s efforts to bring the technology into the financial mainstream could help people in underserved communities execute payments more securely.

Backers of lawsuits challenging federal charter and interest rate policies for nonbanks say states are sticking up for consumer protection. Others say the legal quagmire could slow efforts to improve the regulatory framework.

The division asked for public feedback as it weighs changes "to reflect emerging trends in the banking and financial services sector."

Industry groups are also pushing the federal regulator to improve how off-site examinations are conducted.

The agreement between Colorado authorities, marketplace lenders and banks offers a way to structure partnerships without triggering the wrath of state regulators.

The Justice Department alleges that the bankers worked with “higher-ranking bank officials” at Washington Federal Bank for Savings in Chicago to falsify records and hide funds before the bank's December 2017 collapse.

Friends of Traditional Banking is focusing on four GOP senators in tight races as it prepares to endorse two incumbents for the November elections.

Bankers have long opposed the idea of the U.S. Postal Service taking deposits and making loans directly, but some in the industry are open to the idea of letting banks and credit unions offer services at post offices.

All parts of the payments industry can preserve cash, but mandates may be necessary, says Moorwand's Luc Geuriane.