Agency lawyers called the rule, which was almost a decade in the making, "unlawful" in a court filing.

The Federal Reserve and several industry groups agreed to put an indefinite stay on their legal fight over the annual examination process.

The regulator says its prior amicus brief, which cited the Fair Debt Collection Practices Act and sided with borrowers, was no longer valid.

Federal Reserve Gov. Lisa Cook said in a speech Friday that the market's response to recent volatility shows resilience, but more study is needed about the financial stability implications of business relationships between banks and nonbanks.

Only by facing the realities of geopolitical uncertainty head-on can we hope to preserve the integrity of the global financial system and enable the flow of capital that underpins prosperity everywhere.

With licensing bills progressing through both the House and Senate, stablecoins are poised to become part of the regulated financial sector. How the banking and payments landscape will respond to that is up for debate.

More than 200 employees are exiting the National Credit Union Administration as the credit union regulator pursues its Trump-era mandate to shrink government and slash operating costs.

Andrew Blassie, a former executive at Illinois-based Bank of O'Fallon, pleaded guilty to inflating bank accounts, defrauding retirees and abusing insider access, according to the Federal Deposit Insurance Corp. Office of the Inspector General.

Upgrading its anti-money-laundering controls is the Canadian bank's top priority following historic failures that led to a $3.1 billion penalty and a U.S. asset cap.