Comptroller of the Currency Joseph Otting is a former bank executive testifying before Congress this week about reshaping some banking rules. He wants big banks to start making small-dollar loans.
The Commonwealth Bank of Australia settled on allegations that it delayed reporting 53,000 transactions over a three-year period, some of which are thought to be tied to drug gangs and terrorism.
The House gave final passage to a bill that would allow banks with up to $250 billion in assets to escape some of the toughest regulations under the 2010 law meant to shore up the financial system.
The only money a Canadian family has recovered from a lost bank draft is the $32 it cost to ship the document. The family's bank, TD Canada Trust, has delayed reissuing the larger sum.
The rule, released by the Consumer Financial Protection Bureau in July, was aimed at "forced arbitration" clauses in consumer agreements with banks and credit card companies.
Federal Reserve Chair Janet Yellen's remarks in Jackson Hole, Wyo., on Friday put her at odds with President Trump. She applauded the post-crisis regulations that he says are hurting businesses.
Wells Fargo is facing another scandal. This time, the bank acknowledges it signed up nearly 500,000 auto-loan customers for insurance they didn't need. Thousands lost their cars to repossession.
His new hotel's $200 million renovation was financed by Deutsche Bank. The Justice Department is set to impose a multibillion-dollar fine on the bank. And Trump will oversee the Justice Department.
During the financial crisis Steve Mnuchin was working to make profits from the ruins of the housing bust. He assembled investors who bought IndyMac, a failed bank that had been taken over by the FDIC.
For six years, the Dodd-Frank Act has been rolling out rules intended to tame inappropriate risk-taking by banks. The Trump transition team now says the new administration will "dismantle" the law.
The Consumer Financial Protection Bureau is sending undercover operatives to ferret out racial discrimination. They're called "testers" or "mystery shoppers" and pose as customers applying for loans.
House Financial Services Committee Chairman Jeb Hensarling is aiming at rules created after the 2008 financial crisis. Democratic Sen. Elizabeth Warren calls the plan a "wet kiss" for the big banks.
The Consumer Financial Protection Bureau proposed banning financial firms from forcing arbitration to avoid lawsuits. But industry officials say the rule will lead to frivolous legal action.
Bernie Sanders says one of his first acts as president would be to begin the process of breaking up big banks. But there's a problem: The president doesn't really have any direct authority to do so.
Global organizations have been trying to rein in the abuse that costs governments hundreds of billions of dollars. But the Panama Papers revelations show the extent to which more work is needed.
Despite changes after the 2008 financial crisis, Neel Kashkari, one of the leading figures in the federal bailout, says major banks are still at risk. "I don't think we've gone far enough," he says.
Leading banks in China are facilitating the sale of counterfeit handbags, clothes and other knock-off goods online, by hosting bank accounts for bogus manufacturers.
Middlemen, messy currencies and questions galore allude to the price of banking in Cuba — but that's not stopping Stonegate, the first to offer customers a debit card they can use across the strait.
Cyberthieves steal hundreds of millions of dollars a year from the bank accounts of U.S. businesses. Many business owners are surprised to find out their bank is not obliged to make them whole.
Republicans are pushing to roll back Dodd-Frank because they say it over-regulates the financial industry and hurts growth. Supporters say it has made banks stronger and the financial system safer.
The country's banks could hardly be in a more precarious position. The European Central Bank has stopped lending Greece money and a referendum Sunday could spell the country's exit from the eurozone.
European interest rates are being pushed so low — to less than zero — that some banks are paying borrowers to take loans. Such low rates are aimed at boosting Europe's economy, but there are risks.
![Consumer Financial Protection Bureau Director Richard Cordray says financial firms use arbitration to "sidestep the legal system [and] avoid accountability." But industry officials say a proposed ban on mandatory arbitration clauses will lead to frivolous legal action.](https://knpr.org/sites/default/files/public/styles/thumbnail/public/images/npr-story/476901182_984447133.jpg?itok=hlTF95Lm "Consumer Financial Protection Bureau Director Richard Cordray says financial firms use arbitration to \"sidestep the legal system [and] avoid accountability.\" But industry officials say a proposed ban on mandatory arbitration clauses will lead to frivolous legal action.")
