WASHINGTON — The House Financial Services Committee approved nearly a dozen regulatory reform bills for community banks and credit unions on Thursday, though Democrats signaled they remain concerned about efforts to roll back the Dodd-Frank Act and consumer protection measures.

Throughout the U.S., many companies are still not covering the essentials when protecting their systems, but the enemy is getting increasingly sophisticated and relentless, Visa's risk chief said.

WASHINGTON — The House Financial Services Committee approved nearly a dozen regulatory reform bills for credit unions and community banks on Thursday, though Democrats signaled they remain concerned about efforts to roll back the Dodd-Frank Act and consumer protection measures.

After releasing successive studies on the payday industry over the past two years, the Consumer Financial Protection Bureau is finally set to unveil Thursday sweeping proposals that could fundamentally change the business of short-term loans and other products.

After releasing successive studies on the payday industry over the past two years, the Consumer Financial Protection Bureau is finally set to unveil Thursday sweeping proposals that could fundamentally change the business of short-term loans and other products

It's looking more likely that a judge will have to impose a fix that will bring American Express' merchant rules into compliance with federal law.

Senate Democrats have now joined the fight over the Financial Stability Oversight Council's designation process, calling for "systemically important" firms to be able to shed the label.

The Justice Department's Clifford White is putting all mortgage servicers on notice that they too will be punished if they flout bankruptcy rules.

Subprime auto lending has become a top priority for the CFPB, said Steve Antonakes, the agency's deputy director on Wednesday. He also revealed that it was open to making changes to its complaint portal, which the agency recently said would allow consumers to post detailed narratives of their problems with financial institutions.

Under tough questioning on Capitol Hill, Federal Deposit Insurance Corp. Martin Gruenberg said the agency accepts blame for fallout over its "high risk" businesses list as an internal FDIC watchdog is still investigating.

Deron Smithy, executive vice president and treasurer of Regions Financial, said compliance costs across the 20 regional banks that are above the target have jumped by $2 billion, with his bank alone spending roughly $200 million.

WASHINGTON — House Financial Services Committee Chairman Jeb Hensarling, R-Texas, announced a vote for Thursday of 11 bills aimed at lessening regulatory burden on banks by changing aspects of the Dodd-Frank Act and associated regulations.

While many small banks are hoping Congress will grant regulatory relief this year, mutual institutions are seeking two specific changes they hope can bolster their struggling business.

M&T Bank and Hudson City Bancorp plan to mail ballots this week to shareholders asking for approval of the companies' planned merger.

Bank regulators rejected three foreign banking organizations' resolution plans — so-called "living wills" — that were submitted last year, finding "shortcomings" and ordering the institutions to make certain improvements when they resubmit their plans this year.

Claire Cockerton of U.K. trade group Innovate Finance explains how technology can rehabilitate the global banking industry's reputation, how London became a financial technology hub and why Mayor Boris Johnson was plugging startups in New York last month.

Regulatory approval of Primary Bank in New Hampshire does not make a trend, but observers are hopeful it signals a more promising near future for the chartering of new banks.

An employee's careless tweet or Facebook status update can pose big risks to financial firms, but social media is still a necessary tool for engaging with younger customers.

A loose coalition of regional banks pushing to change a key Dodd-Frank Act provision has launched a formal organization.

Fast-developing technologies are dumping fresh risk on a payments industry already reeling from a parade of data breaches, placing more pressure on cross-industry efforts to improve security.