Economy

The Financial Stability Oversight Council will face critical tests in 2016, including a lawsuit over its designation of MetLife as a systemically important nonbank and whether it will de-designate GE as a SIFI.

CommonBond, a New York firm that makes student loans through an online platform, said Tuesday that it has raised more than $275 million in debt funding from Barclays and others.

U.S. judge rejects Quicken Loans' effort to move FHA loan case to Detroit courtroom.

Banks can help ease a severe national shortage in affordable rental properties — and make money doing it.

It's impossible to predict the future, but many companies in the payments industry have already made commitments that will shape the year ahead. Here are a few things to expect in 2016.

A former M&T Bank executive was sentenced to 39 months prison time for leading a fraudulent scheme involving about $5.3 million in small-business loans.

The Dodd-Frank Act is a burden on community banks and credit unions but regulators are struggling to quantify the costs, according to a report released Wednesday by the Government Accountability Office.

Lawmakers are expected to debate a number of key banking provisions this year, even with the November elections on the horizon.

A federal judge is urging the parties of a closely watched pot-banking case to settle their dispute.

Square has long enjoyed the first-mover advantage that came with democratizing payment acceptance. But as the payments industry advanced and Square's own needs became more complex, the company is more challenged than ever to stay relevant, even to the merchants who accept credit cards only because Square made it easy.

Once billed as a safer alternative to traditional finance, the new crop of tech-powered lenders is starting to resemble previous generations of finance companies whose fortunes rose and fell with each economic cycle.

Officials who assess how well banks lend and invest in their communities seem out of sync with the experiences of Main Street.

Some lost their jobs while others made major missteps or faced serious challenges to their business plans. Here are the folks who had a rough 2015 and are looking forward to better times in 2016.

The Federal Reserve is looking for advice and insight into how it might improve its annual stress testing regime, but banks and industry observers say the central bank is unlikely to touch the aspect of the tests that bothers them most: its secrecy.

A proposal issued two weeks ago by the FHFA calls on the two government-sponsored enterprises to identify opportunities to increase their purchases of small multifamily properties in rural areas, sparking some concern among lenders.

Everyday investors provide marketplace lenders a cushion in case institutional buyers find greener pastures. But regulatory hurdles and an addiction to fast growth are making it difficult for the platforms to lure those coveted savers.