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Cara Petersen, the Consumer Financial Protection Bureau's top enforcement official, said the Trump administration has "no intention to enforce the law in any meaningful way."
June 10 -
A new executive order reverses digital ID initiatives, fraud alerts and federal data-sharing plans from which banks stood to benefit.
June 9 -
In her first speech since being confirmed as the Federal Reserve's vice chair for supervision, Michelle Bowman outlined a set of ambitious pursuits that would overhaul bank regulation and examination.
June 6 -
Elon Musk's decision to step away from the Department of Government Efficiency has bankers in wait-and-see mode for what policy plays are next.
June 6 -
The Senate voted to confirm Federal Reserve Gov. Michelle Bowman's nomination to be the vice chair for supervision at the central bank in a 48-46 party-line vote.
June 4 -
The item calls for increasing tax rates for individuals and companies from countries whose tax policies the U.S. deems "discriminatory." This includes raising tax rates on passive income, such as interest and dividends, earned by investors who are potentially sitting on trillions in American assets.
May 29 -
A jump in provisions dragged down the Royal Bank of Canada's profits last quarter, prompted by the bank's fears of a potential tariff-driven recession.
May 29 -
Growth in consumer spending was revised down, but estimates for imports and business investment were raised.
May 29 -
According to a new survey from HSBC, 72% of American corporations have seen their operating costs increase due to the Trump administration's new tariffs.
May 28 -
The Supreme Court blocked a lower court injunction reinstating two Democrats who had been fired without cause from the National Labor Relations Board and Merit Systems Protection Board, explicitly holding that Federal Reserve Board members would not be affected by the case.
May 23