Economy

Federal Reserve Bank of Minneapolis President Neel Kashkari said Congress hasn't gone far enough to protect the U.S. economy from potential crises and unveiled plans to study options for regulators that include breaking up the nation's largest financial institutions.

Lawmakers opted for broadening the focus and makeup of the Financial Stability Oversight Council, but a more focused systemic risk regulator would have had a better chance of success.

The Chicago, Des Moines and Cincinnati FHLBs have grown their life insurance company membership the most in recent years.

Fannie and Freddie have been selling pools of delinquent mortgages at auction to the highest bidders. Community groups say the Federal Housing Finance Agency should be giving preferential treatment to nonprofits and community development financial institutions.

Visa has accumulated a 9.99% stake in Square, according to a filing with the Securities and Exchange Commission, giving a boost to the mobile point of sale company, which has faced challenges recently.

Much of the growth in wearable technology is happening without an eye to enabling payments. This is prompting many companies to find a way to add payment capabilities to wearables without forcing users to buy an entirely new device.

Large banks are not buying preferential treatment by contributing to her campaign, Hillary Clinton insisted again on Thursday, attempting to rebut charges leveled at her by Sen. Bernie Sanders.

The Federal Housing Administration will continue to charge borrowers an annual premium over the entire life of the loan, rejecting calls from some housing advocates to change how it’s calculated.

Senate Banking Committee members pushed Federal Reserve Chair Janet Yellen Thursday for some indication of whether the central bank would approve banks' so-called "living wills" or instead will force asset sales and other steps to simplify their structures.

Fifth Third Bancorp in Cincinnati said Thursday that it will spend $27.5 billion over the next five years to provide loans and other financial services to underserved communities in its region.

Silicon Valley companies like Marqeta, Stripe and Braintree cut their teeth on the open network concept, creating a place for themselves at the table of future embedded payments, instant card issuing or instant credit.

In an interview, Comptroller Thomas Curry expressed concern about eroding loan standards and the potential for crippling cyberattacks. But he also argued that the industry is much stronger than it was a decade ago.

Inspired by marketplace lenders, Live Oak Bancshares created a largely digital product that can make a credit decision on a small-business loan within 48 hours. The product, which combines human decision-making and automated credit scoring, could go national as early as next year.

The Federal Housing Finance Agency's decision to exclude captive insurance companies from Federal Home Loan Bank membership makes the FHLB system like a private country club.

Competition among lenders for commercial mortgages has driven down interest rates, margins and underwriting standards, and now it's helped drive one lender out of the business.

Morgan Stanley agreed to pay $3.2 billion to end a joint federal-state investigation into its handling of mortgage-backed securities, the fourth deal to be struck in a probe of the big U.S. banks' role in the subprime mortgage meltdown and the financial crisis it spawned.

Other countries have already lowered interest rates below zero, and the financial stability concerns of such a policy taking shape in the U.S. should not be dismissed.

Strong demand for rentals will keep pace with new construction over the next few years, the government-sponsored enterprise says.

Federal Reserve Board Chair Janet Yellen faced tough questions Wednesday by House Financial Services Committee lawmakers over the central bank's regulatory treatment of big banks.

While the courts generally accord deference to regulators, Judge Rosemary M. Collyer of the D.C. District Court appeared highly skeptical of the Financial Stability Oversight Council's case during the first round of oral arguments on Wednesday.