The embattled bank is under pressure to claw back bonus pay from executives. Its decision figures to have ripple effects throughout the industry.

The House Financial Services Committee said Friday it plans to open an investigation into the fraudulent account openings at Wells Fargo and will hold a hearing soon on the issue.

Big banks' flirtation with the idea of suing the Federal Reserve Board over its stress testing regime carries significant political risk and even if successful could yield at best a pyrrhic victory over the megabanks' primary regulator.

Despite the near-frenzied interest in this year’s unprecedented presidential race, the key battles for CUs are in Congress.

Still smarting from criticism after it failed to prosecute any high-level executives following the financial crisis, Justice Department investigators are likely to target senior executives at Wells Fargo as they investigate wrongdoing there, according to former DOJ officials.

House Democrats made an unusual move this week to avoid offering amendments or engaging in debate over a massive financial reform bill. Here's why.

House Democrats made an unusual move this week to avoid offering amendments or engaging in debate over a massive financial reform bill. Here's why.

Calling this moment in time financial services' "Uber moment," the National Credit Union Administration said the combination of technological innovation, expansion of social media and growing interconnectivity are giving regulators pause about credit unions' cybersecurity efforts.

Kentucky district court judge rules that the courts cannot interfere with the GSE regulator's wind down of Fannie Mae and Freddie Mac.

The scorcher at Wells is giving some community bankers an opening to differentiate themselves from larger institutions that seem fee-dependent or "too big to manage."

Wells Fargo is saying so long to product sales goals for retail bankers, and the industry may never be the same.

The Federal Reserve's annual stress testing regime violates federal administrative law, a coalition of banking groups said in a white paper released Thursday, likely previewing a court battle that could have far-reaching consequences for the program.

"Rent-seeking" is a widely recognized economics term that refers to when people or groups try to obtain economic benefits for themselves through a subsidy in the political arena. In Washington, the term has special significance. Special-interest groups regularly try to gain subsidies by securing a special regulation that disadvantages competitors.

John Stumpf was coasting toward a carefully planned retirement. But the outcry over sham accounts at the San Francisco bank has put him in a precarious position as he testifies in front of Congress next week.

The revelation of widespread fraud at Wells Fargo branches suggests that no matter how well run a large bank appears to be, it can't detect systemic problems within its own ranks.

CUs and professionals recognized with inaugural compliance honors.

With the risk-taking culture at big banks — including that which contributed to the Wells Fargo fiasco — it's a good thing the House bill to weaken Dodd-Frank will never become law.

New recommendations by the Federal Reserve Board are a crucial step in the direction of much-needed restructuring of the U.S. financial sector.

New York Gov. Andrew Cuomo announced the proposal of a state regulation requiring state-chartered credit unions and other regulated financial institutions to develop and maintain a cybersecurity program.

Chairman Jeb Hensarling’s financial reform bill was approved by the Financial Services Committee along mostly party lines as Democrats declined to offer amendments to legislation they said was too flawed to begin with.