Politics

Senate Democrats plan to hold votes to confirm Lisa Cook’s nomination to be a Federal Reserve governor on Tuesday, they announced Monday night.

Borrowers must be protected against discrimination at all steps of the credit process — including after they’ve already been granted credit, the regulator affirmed.

The rule, which runs well over 500 pages, is expected to meet resistance from bankers worried about the regulatory burden of calculating the carbon emissions from their borrowers.

The acting comptroller rejected a moratorium on bank mergers, but reiterated concerns about the resolvability of large regional banks.

Facing a crackdown from regulators in Washington, the crypto industry is turning to New York Sen. Kirsten Gillibrand for help.

The Consumer Financial Protection Bureau filed more actions against redlining and discriminatory practices in 2021 and is skeptical that that predictive analytics will reduce bias.

Citing inflation’s effect on rising payment card pricing, the senator convened a Judiciary Committee hearing to reassess rules that resulted in caps on debit transaction fees 11 years ago.

He faces critics from both the left and the right, which is why he’s the right person for the job.

Properly designed public banks would be safer than private banks while promoting economic growth.

Goldman Sachs Group and JPMorgan Chase are discussing extending abortion benefits to cover travel after an internal debate was reignited this week by the leak of a draft Supreme Court ruling to overturn Roe v. Wade.

The Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. issued a joint proposed rule Thursday meant to refocus and update its implementation of the landmark 1977 law.

Lenders argue that they're taking steps to eliminate or rein in the consumer fees, but several Democratic senators say reform legislation could be a necessary step in the near future.

The Federal Reserve’s Federal Open Market Committee voted Wednesday to raise interest rates to between 0.75% and 1%, the largest single rate hike since 2000.

Massachusetts Democrat Elizabeth Warren has called Jamie Dimon the "star of the overdraft show" because of the billions of dollars JPMorgan Chase has made from those banking fees. Now she’s telling Dimon and two of his fellow Wall Street chief executives to stop the show.

Bank of America will pay a $10 million fine to the Consumer Financial Protection Bureau and refund fees to 3,700 customers over allegations that it processed illegal out-of-state garnishment orders.

Democrats face the brunt of this year’s tough elections among the key financial committees in Congress, but Republicans are retiring in greater numbers.

Johnson, who currently heads a housing-finance industry group, will take over this summer from longtime president and CEO Richard Hunt.

Representatives of the retailer community will face off against payment card network and bank executives over credit and debit card interchange during a Wednesday hearing to be chaired by Sen. Dick Durbin.

After failing to win funding for a direct-lending program last year, Small Business Administration chief Isabella Casillas Guzman says the agency continues to study the option because banks and credit unions are making fewer small-dollar 7(a) loans than several years ago.

10 things to know in April: Apple teams with Visa, the Consumer Financial Protection Bureau examines payday lenders, and more.