The agency has suggested several steps in its notice on reforming the law that could actually harm, not help, underserved communities.

Analysts say the proposal will hurt more than help, and while it isn't expected to gain traction soon, that could change if Democrats retake the Senate.

American Banker's Kate Berry discusses recent events at the Consumer Financial Protection Bureau.

A liberal advocacy group says a Trump political appointee at the CFPB must resign after The Washington Post reported the official once called most hate crimes hoaxes.

Another regulator has already gone out on its own with an advance notice of proposed rulemaking. But, Powell said, "It’s a process and we’re very much interested in pushing forward.”

The National Credit Union Administration is eyeing a 1.1 percent funding increase for 2019 for a total of $334.8 million

If a merchant seeking to avoid credit card fees turned to cash discounting, it was at least partly because the other option — putting a surcharge on credit card use — was complicated and illegal in many states.

Gov. Jerry Brown’s administration sent letters Wednesday to 20 nonbank lenders that charge triple-digit annual percentage rates to try to determine if their use of online referrals is steering borrowers into larger loans than they want or need.

The student loan servicer called the move a "temporary step back" in what it had expected to be a lengthy process.

The Kentucky Republican is the first House member that Friends of Traditional Banking has ever endorsed.

The Mass.-based credit union is the latest to drop its federal charter in favor of state oversight.

Sen. Warren proposes a bill that would extend the law to credit unions while stiffening penalties; the Spanish bank taps UBS’s Andrea Orcel.

Her primary job is advising senior executives on compliance, technology and data security matters, but Hosein is also making a mark as a champion for up-and-coming female leaders.

The plan identified five risk areas — including cybersecurity — that will be on the agenda for agency examiners next year.

The senator’s bill to reform the 40-year-old law and expand housing investments could gain clout as Democrats look to pick up congressional seats and she eyes a presidential run.

The legislation would help small-business owners better evaluate financing options by requiring updated disclosures.

Large retailers want the right to reject rewards cards at the point of sale to avoid higher swipe fees; Germany's financial regulator appoints an auditor to monitor the Deutsche Bank's progress.

The STATES Act allows the industry to resolve conflicts between state and federal laws by granting legitimate cannabis companies access to the financial system in marijuana-legalized states, writes Heather Peterson Altepeter, CEO of the National Merchants Association.

JPMorgan's chief cautioned against expanded regulation for big companies, arguing that businesses contribute to the economy.

A proposal to let certain thrifts operate like national banks blurs the line even further between the two institution types.