Politics

The Justice Department announced this month that it would seek to reduce duplicative penalties against banks, although more reforms are needed to rein in other agencies.

A new FDIC chair could be confirmed as early as this week, but the current head of the agency is reportedly Democrats' choice to serve as vice chairman.

Banks were helped by better loan spreads thanks to higher net interest margins, but the recently enacted tax cut helped boost profits by 27% from a year earlier.

The CEO of Iowa's largest credit union suspects a rider attached to a budget bill before the state's legislature was inserted to "placate bankers" after the recent failure of a move to tax CUs there.

With Congress set to approve a regulatory relief bill and vote on an FDIC chairman, banks will soon see the deregulation they’ve long been anticipating.

JPMorgan Chase’s Thasunda Duckett is living her ancestors’ wildest dreams; Morgan Stanley could take a lesson from Citi on reining in rainmakers; and Jelena McWilliams faces tough choices at the FDIC. Plus, babysitting gets approved as a new type of campaign expense.

A recent Washington Post investigation revealed that J. Mark McWatters runs the National Credit Union Administration from his home in Dallas, raising questions about his being tapped to head the consumer agency.

Democratic Senator Kamala Harris on Thursday upped the pressure on the U.S. central bank to make its leadership more diverse, introducing legislation to compel the Federal Reserve's 12 regional banks to interview at least one woman and one minority candidate when they search for a new chief.

The former CFPB director won the state’s Democratic primary Tuesday night, and his tenure at the agency is likely to be a key issue in the general election.

Several tough critics of the financial industry are said to be on the shortlist to replace New York's attorney general.

How a measure to make opening online accounts easier was crafted — and why it needs to pass Congress.

The lawmakers are calling on banks to follow the lead of Citigroup and Bank of America in limiting their business with firearms dealers in light of recent mass shootings.

Which party controls the House next year is still uncertain, but this much is clear: Someone other than Texas Republican Jeb Hensarling will hold the gavel on the Financial Services Committee.

How a measure to make opening online accounts easier was crafted — and why it needs to pass Congress.

The acting Consumer Financial Protection Bureau director should be investigated for potential Hatch Act violations following his controversial remarks at a banking industry conference, Senate Democrats said Tuesday.

Whether you like the idea or hate it, expect to hear a lot more about postal banking over the next two and a half years.

The American Bankers Association will fund TV ads for Sen. Jon Tester, D-Mont., and Rep. Ted Budd, R-N.C., the first of several candidates the group expects to actively promote during the midterms.

The acting director’s effort to rename the agency is about more than rearranging a few words.

A new accounting standard will soon go into effect, but banks lack clarity on how to conform.

Two recent central bank proposals may exacerbate problems with the agency’s capital surcharge for big banks.