WASHINGTON — More than fifty state bankers associations have rallied behind legislation from Rep. Randy Neugebauer, R-Texas, to repeal caps on debit interchange fees.

The recently rebranded California International Bank has stiffed the government on 30 dividend payments and has spurned a request to let Treasury officials observe its board meetings. There is some optimism; a Vietnamese businessman was approved to take over control after injecting $4.5 million in capital into the bank.

London has been a magnet for technology startups, buoyed by a favorable regulatory environment and proximity to many of the world's largest financial institutions.

Between the small number of CUs bumping up against the member business lending cap and NCUA’s recent overhaul of the MBL rule, should credit unions continue to fight to raise or remove the cap?

The industry is better positioned than it was last year to weather a severe economic shock, according to the Fed, but the real test comes next week, when the central bank will release its latest evaluation of the sector's risk-management practices.

WASHINGTON — Sen. Elizabeth Warren, D-Mass., slammed a House GOP bill to reform financial regulation on Thursday, arguing it is being misrepresented by its author, Financial Services Committee Chairman Jeb Hensarling.

Eligible credit unions have until June 30 to apply for grant assistance through the National Credit Union Administration's Community Development Revolving Loan Fund, the regulator said Thursday.

Bank of America admitted to wrongdoing in settling a U.S. regulator's allegations that it misused billions of dollars in customer funds to finance trades that benefited the firm.

One of the first items on a company’s wish list is a request to make compliance easier. So, why do so many organizations make compliance more expensive and complicated than it needs to be — all on their own?

Community bankers are trying to determine how they can offer affordable small-dollar loans that fit within the Consumer Financial Protection Bureau's complex 1,341-page payday lending plan.

Mortgage servicers have failed to make significant investments in technology and compliance systems, resulting in substantial harm to consumers, according to a report issued Wednesday by the Consumer Financial Protection Bureau.

Republicans in the House of Representatives blocked an amendment that would have prevented federal regulators from pursuing enforcement actions against credit unions and banks dealing with legal marijuana businesses.

WASHINGTON — Marijuana businesses and banks looking to open their doors to the potentially lucrative clients suffered a blow Wednesday after House Republicans blocked an amendment that would have prevented federal regulators from pursuing enforcement actions against banks dealing with the businesses in states with legalized pot.

Federal Reserve Board Chair Janet Yellen signaled Wednesday that the central bank could support a House Republican effort to reduce banks' regulatory burden in return for institutions holding higher capital, but said such a deal should only be open to small banks.

The Federal Reserve Board's top two leaders on Wednesday defended the authority for resolving large company failures against criticism that the policy is a continuation of "too big to fail."

Evidence that regulators consider institution size when evaluating accounting compliance should encourage banks worried about the new loan-loss reserving standard.

A quarter of African-American, Asian and female employees of the Consumer Financial Protection Bureau experienced discrimination at the agency, according to a survey as part of a new Government Accountability Office report.

Resolution plans put in place following the financial crisis have made big banks expert at contingency planning. Nonetheless, bankers here are keeping their fingers crossed that Britain will remain in the European Union.

Lawmakers noted reports that cyberthieves were recently able to steal money from a Bangladesh bank through the Federal Reserve Bank of New York.

The ‘Financial Services for the Underserved Act’ would permit credit unions of all charter types to seek National Credit Union Administration Board approval to add underserved areas to their fields of membership.