Economy

With Democrats already opposing a bill by Rep. Jeb Hensarling, R-Texas, to roll back Dodd-Frank, his chances of long-term success depend on support by Donald Trump. The two met to discuss the plan on Tuesday.

House Financial Services Committee Chairman Jeb Hensarling R-Texas, is set Tuesday to unveil an ambitious plan to revamp the Dodd-Frank Act and replace it with a capital-based alternative during a speech in New York.

Embracing technology that gives innovators access to their platforms will provide banks with the upgrade they sorely need.

In a pair of proposals approved by the Federal Reserve Board Friday afternoon, the Federal Reserve signaled to the insurance industry that it knows the difference between them and banks. But the devil may still be lurking in the details.

New Resource Bank has opened its first branch outside its home base of San Francisco with an eye toward furthering its green-lending mission.

MFA Financial has carved out an impressive niche for itself by buying re-performing and nonperforming residential mortgages and securities.

The regional bank has extensively studied the viability of such platforms, but has been unable to develop a plan to fits its risk appetite.

In an initial regulatory move released by the Federal Reserve Friday, the central bank was emphatic about distinguishing between the capital and liquidity risks posed by insurance activities versus the riskier ones that firms may be engaged in.

Well-established tech giants like Amazon and Google pose a more formidable threat to banks than the thousands of startups populating the fintech market.

As PayPal has grown over the years, it has made enemies. Some of these rivalries were short-lived, while others persist to this day.

The Federal Reserve has announced the schedule for releasing the results of the 2016 stress tests of the largest U.S. banks.

In what could bring major visibility to the emerging market for wearable payments, Visa today unveiled an NFC-enabled piece of jewelry it’s giving to 45 Olympic athletes on Team Visa.

Federal Reserve Govs. Jerome Powell and Daniel Tarullo Thursday said they expect banks to have to meet significantly higher capital minimums after the central bank applies its capital surcharge rule for large globally risky banks to its stress test. That difference could significantly cost banks.

How Eastern Bank pulled off something few community banks have: launching a digital lending product that the 197-year-old mutual dreamed up in its innovation lab.

Federal Reserve Board Gov. Daniel Tarullo said Thursday that he anticipates the agency will eliminate the qualitative requirements in the annual stress testing program for most midsize banks as early as next year.

A number of executives are warning that midsize borrowers are hoarding cash rather than borrowing, reflecting increased concern about the economy.

PayPal's split from eBay was supposed to sweeten its appeal to merchants, but it’s also stoking rivals in the payments industry — in particular Visa CEO Charlie Scharf.

While existing state laws show that payday lending curbs lead to positive outcomes, those laws will still benefit from a strong Consumer Financial Protection Bureau rule.