Politics

Financial institutions have launched tailored relief campaigns to help refugees begin rebuilding their lives.

The National Defense Authorization Act passed by the Senate did not include a pot banking provision, but did include provisions on Fed master accounts and allowing banks to hire ex-cons.

The outgoing chair of the House Financial Services Committee and Sen. Cory Booker of New Jersey led a new letter to the Government Accountability Office.

The National Credit Union Administration can no longer examine third-party vendors and service providers. That leaves the industry vulnerable to cybercriminals and other bad actors.

Many experts think the Consumer Financial Protection Bureau's funding through the Federal Reserve could be the fatal flaw in the Dodd-Frank Act that created the agency, but differentiating the CFPB's structure from others may be tricky.

Texas lawmakers pressed finance industry executives they summoned to a remote corner of the state for a hearing Thursday, questioning whether their environmental, social and governance policies are hindering state pension investments.

Amid testimony from Consumer Financial Protection Bureau Director Rohit Chopra in front of the Senate Banking Committee, Sen. Pat Toomey proposed that the agency should be funded in the congressional appropriations process.

With skepticism about cryptocurrency growing among members of Congress, a handful of lawmakers, including Republican Sens. Cynthia Lummis of Wyoming and Pat Toomey of Pennsylvania, are trying to convince colleagues that the FTX fiasco doesn't diminish the underlying value of digital currency.

The Federal Reserve raised its benchmark interest rate by half a percent this week, but chair Jerome Powell said the question now is how long to keep monetary policy tight.

The Federal Deposit Insurance Corp. has proposed a rule to modernize representations of insured deposits and finalized guidelines for appeals of material supervisory determinations.

The Texas Attorney General's office will decide by Jan. 13 whether Citigroup "discriminates" against the firearms industry, a ruling that will determine the bank's ability to underwrite most municipal bond offerings in the state.

The ranking Republican on the Senate Banking Committee discusses his bid to bring transparency to the Federal Reserve, partnering with Elizabeth Warren and what's next for his career.

Sens. Elizabeth Warren, D-Mass., and Pat Toomey, R-Pa., have joined forces to subject regional Fed banks to heightened public scrutiny. How long the coalition lasts depends on what that new scrutiny reveals.

FTX's new chief executive, John J. Ray, described shoddy accounting processes and a core group of inexperienced leaders that contributed to the crypto exchange's collapse.

By March 1, financial institutions that are exempt from federal reporting requirements must provide information to state regulators about how much revenue they collect from overdraft fees.

The U.S. Supreme Court expanded a planned showdown over President Biden's student-loan relief plan, saying it will hear arguments from two borrowers who contend they are being unfairly excluded from the full scope of the program.

After spending the past two weeks participating in media interviews, former FTX Chief Executive Sam Bankman-Fried is being more selective when it comes to appearing before Congress to discuss the collapse of his cryptocurrency empire.

At least $73 million of political donations tied to Sam Bankman-Fried's FTX may be at risk of being clawed back as bankruptcy lawyers sort through the remnants of his crypto empire in search of assets to repay creditors.

JPMorgan Chase Chief Executive Jamie Dimon praised the results of last month's U.S. midterm elections, saying cooperation in Congress may be more likely since both parties' "wing nuts didn't get elected."

Bank of America Chief Executive Brian Moynihan said he has no intention to leave his post, responding to a report that he's on the Biden administration's short list to replace Treasury Secretary Janet Yellen if she steps down.