President Obama on Monday defended his administration's record on financial reform and the performance of officials he put in charge of implementing it, responding to critics in both parties who have claimed that the financial system is less safe since the 2008 financial crisis.

A Canadian lawmaker has introduced legislation to establish new ceilings for credit card interchange, and though it has the support of some retail groups, experts say the bill faces headwinds.

Citigroup executives involved in the issuance of residential mortgage-backed securities at the center of the 2008 financial crisis will not be facing criminal charges for selling toxic bonds, U.S. authorities have determined.

WASHINGTON — The Consumer Financial Protection Bureau is taking aim at marketplace lenders, announcing Monday that it is accepting complaints about the developing industry and releasing a bulletin to inform the public about such firms.

The news is full of debate over a replacement for Antonin Scalia on the Supreme Court, but the delays in filling seats on another important government panel — the Federal Reserve Board — should get more attention.

The Federal Reserve Board unanimously voted to release a proposal Friday to limit the exposures between systemically risky bank holding companies in a move that reflects not only an evolution in the agency's finesse but a change in the pressures it is facing.

NCUA said on Friday it liquidated the Education Associations Federal Credit Union of Washington, D.C., making it the third federally-insured credit union to be closed thus far this year.

A new Federal Reserve Bank report opens the door for retailer groups to push again for even lower transaction fees by deflating the argument that small banks have been harmed by the Durbin amendment's reduced debit transaction fees for larger banks.

CUs have long bemoaned the growth of the industry’s compliance burden, but up until now, those complaints were backed only be anecdotal evidence. A new study puts concrete metrics in play.

Despite generating an estimated $4.5 billion in revenue last year, the legal marijuana industry has yet to solve one of its biggest issues—the lack of reliable payments, banking and other financial services.

While regulators and law enforcement agencies are beginning to strike a more conciliatory tone with respect to digital currency, industry players complain the technology is still being stifled by its pariah status.

WASHINGTON — The House Financial Services Committee approved a bill this week that would increase the mobility of mortgage originators who take a new job across state lines or move from a federally regulated bank to a nonbank.

U.S. Attorney indicts Trevon Gross; charges him with accepting more than $150,000 in bribes from operators of unlawful bitcoin exchange.

The regulatory system is "broken from start to finish" and is allowing banks and other big firms to wear down regulators until they get what they want, Sen. Elizabeth Warren said in a speech Thursday.

The agency recently cited providing equal access to small-business loans as one of nine top priorities for the next two years, saying it plans to build a team dedicated to the issue and infrastructure "to intake and analyze small-business lending complaints." But bankers worry it may go too far.

Lenders are becoming more reluctant to share closing documents with real estate agents now that they have more responsibility for them, the National Association of Realtors claimed Thursday.

New requirements and guidance from the Payment Card Industry Security Standards Council will be released to merchants in April, which is about six months earlier than its normal update cycle.

Financial Services Committee approves bill requiring financial regulators to tailor rules to ensure they are appropriate for small FIs.

The House Financial Services Committee approved a bill 34-22 Wednesday that would require financial regulators to tailor rules to ensure they are appropriate for small banks — but the measure continues to face significant Democratic opposition.

The pace of new regulations appears to be slowing slightly in 2016, but that does not mean the regulatory burden on credit unions is lessening.