The fintech's new products may violate several banking and securities regulations and could mislead the public about the differences between coverage on banking and investment accounts, industry officials say.

Former CFPB chief Mick Mulvaney had claimed the agency could not supervise firms for Military Lending Act compliance, but lawmakers want his successor to go in a different direction.

As Congress moves closer to its Dec. 21 deadline to keep the government funded, the outlook for more financial services regulatory relief continues to worsen.

The fintech Robinhood did not contact the Securities Investor Protection Corp. to discuss protection for deposits, according to SIPC CEO Stephen Harbeck.

The North Carolina-based institution distributed more than $624,000 with some members receiving as much as $500.

The alternative is waiting for state and federal regulators to take steps that could disrupt the flow of capital and put some firms out of business.

One week after NCUA filed its own appeal brief, three major organizations banded together in support of the expanded field-of-membership rule

Two U.S. senators demand an investigation into the German bank over security, criminal risks; the Treasury has proposed rules to help foreign banks deal with last year’s tax law.

Traditional compliance data handling tools and procedures are mostly not efficient enough to handle the mounting data in the right way, which makes the analysis extremely difficult, writes Srinivasan Pandurangan is senior manager of business consulting at Virtusa.

One Federal Reserve governor’s push to use an untapped capital buffer to counteract potential losses is stoking concerns that such a maneuver could spook financial markets.

The National Credit Union Administration board voted to decrease the normal operating level for the share insurance fund in addition to prioritizing alternative capital as part of its regulatory reform.

The legislation follows passage of a similar bill in the House and would push back implementation of NCUA’s risk-based capital rule to 2021.

Sen.-elect Kyrsten Sinema, D-Ariz., and Sen. Tina Smith, D-Minn., will join the panel as their caucus loses two other committee members who suffered election defeats.

Three different methodologies will be tested in the pilot program, which is expected to last about three years.

Any serious discussion of how best to update the Community Reinvestment Act for the 21st century must focus on strengthening the law, not eliminating it.

More acquainted with the quick decision-making style of the banking world, the comptroller of the currency found a policymaking environment in D.C. that moves at a slower pace.

Pennsylvania-based institution will give back $600,000 to members next month.

The newly sworn-in director’s first public remarks seemed to contrast with the approach of her predecessor, Mick Mulvaney, who at times questioned the role of the agency.

The newly sworn-in director’s first public remarks seemed to contrast with the approach of her predecessor, Mick Mulvaney, who at times questioned the role of the agency.

The agency's departing acting director filed a proposal Monday for a new sandbox that would grant firms a legal safe harbor and "exemptive relief" from enforcement.