Regional banks sound alarm over new interest rate benchmark


Executives sent a letter to the federal banking regulators last month expressing concern that an alternative to the London interbank offered rate could limit credit availability.


The next Elizabeth Warren? How Katie Porter is shaking up House banking panel


The California Democrat is less recognizable nationally than other progressives elected to the House in 2018. But she may be "the most feared freshman" on the Financial Services Committee.


Facebook's Zuckerberg to testify to House on Libra


The social media giant's CEO will likely encounter pushback from members of the Financial Services Committee about the company's plans to launch its own cryptocurrency.


Trump to nominate FHA's Brian Montgomery as No. 2 at HUD


The Federal Housing Administration chief has already been serving as the acting deputy secretary of the Department of Housing and Urban Development.


Public banking gets green light in California


A new law authorizes municipalities in the nation’s largest state to charter their own financial institutions to reinvest public funds into the community.


FHFA resolves dispute with employee over sexual harassment claim


Simone Grimes had alleged former FHFA Director Mel Watt made inappropriate advances toward her and she was paid less than the man who had previously held her position.


GOP senators skeptical of Fed's faster payments network


One Republican lawmaker went so far as to suggest that Congress should try to block the central bank's effort, but Democrats said FedNow will promote competition in real-time payments.


Senate Democrats call out Capital One over breach response


The lawmakers, including Sens. Sherrod Brown and Elizabeth Warren, sent the bank a letter focusing on customers' difficulty enrolling in credit monitoring and identity protection services.


O'Rourke urges credit card lenders to stop backing gun sales


The Democratic presidential candidate said on Twitter that credit cards "have enabled many of America’s mass shootings."


CFPB to hold symposium on behavioral economics


The event is the bureau's second in a series on consumer protection policy. The first dealt with the agency's authority to penalize firms for unfair, deceptive or abusive acts and practices.