WASHINGTON — After close to four years at the helm of the Financial Crimes Enforcement Network, Director Jennifer Shasky Calvery announced Tuesday that she will leave the agency next month.

The newly released interagency net stable funding ratio proposed by the Federal Deposit Insurance Corp. Tuesday once again trains its focus on the largest and most internationally active U.S. banks, requiring them to hold stable liquid funding for at least a year.

The courts would not be getting involved in defining the reach of the Consumer Financial Protection Bureau if the architects of the agency had instituted a commission to oversee it.

The prepaid card industry is ramping up its advocacy efforts on Capitol Hill as the Consumer Financial Protection Bureau readies a final rule targeting such products.

Hypur, a startup seeking to help banks serve businesses deemed high compliance risks (e.g. marijuana), has recruited a former Department of Justice lawyer to help build credibility. Its signature product: a payments platform to replace cash transactions.

The Consumer Financial Protection Bureau ordered the New Jersey law firm Pressler and Pressler and a debt buyer to pay $2.5 million for allegedly filing "mass-produced" lawsuits against consumers based on nonexistent debts.

Multi-factor authentication will be required for administrative access to card data and systems for Payment Card Industry data security compliance this week.

The prepaid card industry is ramping up its advocacy efforts on Capitol Hill as the Consumer Financial Protection Bureau readies a final rule targeting such products.

The core problem with the living wills, as with other tools in the Dodd-Frank Act to end “too big to fail,” is that they are by definition an attempt at predicting future events.

A week after saying they were less than a year away from testing a real-time payments network in the U.S., The Clearing House and FIS have submitted a proposal about the system to the Federal Reserve's Faster Payments Task Force.

Recent prosecutions against lenders accused of usury violations will test the government's use of a law more commonly known in organized crime cases.

WASHINGTON — Federal regulators are set to release Tuesday a long-awaited proposal to require the biggest banks to retain more liquidity to withstand a prolonged crisis.

A video of the March 2016 open meeting of the National Credit Union Administration board was posted on the agency’s website Friday.

Regulators had a litany of complaints about big banks' living wills in the assessments released last week, covering everything from cash flow to operational decision making, but one that is flummoxing bankers is an item they say is out of their control: ring-fencing.

A federal district judge ruled that the Consumer Financial Protection Bureau has no power to investigate the Accrediting Council for Independent Colleges and Schools, an embattled accreditor of for-profit colleges. The ruling marks the first time a court has said the bureau had no jurisdiction and overreached its statutory authority.

Banking regulators made several critically important changes in their new plan to restrict executive pay at financial institutions after their first attempt flopped in 2011. Here's what they did.

Banking regulators made several critically important changes in their new plan to restrict executive pay at financial institutions after their first attempt flopped in 2011. Here's what they did.

Federal regulators unveiled a long-awaited proposal Thursday designed to target incentive-based pay arrangements for executives at banks and credit unions, the agencies' second attempt after their initial plan met fierce resistance.

Federal regulators unveiled a long-awaited proposal Thursday designed to target incentive-based pay arrangements for executives at banks and credit unions, the agencies' second attempt after their initial plan met fierce resistance.

Despite his loss in the New York primary on Tuesday, Sen. Ted Cruz is fighting hard to win the Republican nomination. But eliminating the CFPB could be an even tougher challenge if he is eventually elected president.