Community bankers reject the conclusions of a Government Accountability Office report that say regulatory burdens only had a “modest effect” on the declining number of banks since 2010.

The Massachusetts senator said a private event where Mick Mulvaney briefed donors about the party’s midterm prospects may violate the Hatch Act.

Unlike previous spots produced by the group that just backed candidates, the latest ones reflect a somewhat different approach.

The changes mandated by the recent regulatory relief law would narrow the definition of "high-volatility commercial real estate" exposures that get a higher risk weight.

The Office of the Comptroller of the Currency has been taking the lead on a federal license for fintech firms, but the central bank will decide if such companies can access the payments system and other benefits.

The former head of the agency’s innovation initiative, Project Catalyst, argues the bureau can take several steps to update its innovation policies.

The comptroller of the currency argues that special-purpose fintech charters will benefit consumers and businesses, despite opposition.

Though Acting CFPB Director Mick Mulvaney tried unsuccessfully to strip the agency's fair lending office of its enforcement powers earlier this year, he insisted this week that the bureau "is still in the fair lending business."

Visa Inc. and Mastercard Inc. agreed to pay as much as $6.2 billion to end a long-running price-fixing case brought by merchants over card fees, the largest-ever class action settlement of an antitrust case.

The payments, which total more than $10 million, stem from a 2017 settlement with the Federal Trade Commission. The agency charged that NetSpend deceived consumers by advertising that they could get immediate access to their funds.

In its proposed “disclosure sandbox,” the bureau has eased restrictions on firms seeking a safe harbor from liability.

The tightening of Senate races in Republican strongholds has raised the prospects of Democrats having even more influence on regulatory appointments and the legislative agenda.

The growth and dominant market share position of payment cards in U.K. retail sales is prompting a new pushback from retailers who are wary of rising network fees.

The state's banking regulator and the Conference of State Bank Supervisors are reviving litigation after the Office of the Comptroller of the Currency said it would accept charter applications.

The House Financial Services Committee has steadily passed regulatory reform legislation this year. But any measure faces a stiffer challenge in the upper chamber.

In its role as a security compliance and disaster recovery firm, Sungard Availability Services has seen merchants warming up to the Payment Card Industry data security standards.

Readers react to a new housing finance reform plan, weigh systemic risks posed by fintechs, debate the potential return of the Glass-Steagall Act and more.

The proposal, required by the regulatory relief package that Congress passed in May, would exempt the healthiest banks from having to count reciprocal deposits as brokered deposits.

The House Financial Services Committee has steadily passed regulatory reform legislation this year. But any measure faces a stiffer challenge in the upper chamber.

Credit union trade groups are calling on the National Credit Union Association to raise the asset threshold for CUs eligible for an 18-month exam cycle, bringing them in line with community banks.