Washington DC

The industry group wants the FDIC to reject an ILC request from student lender Nelnet and impose a two-year ban on future applications.

Moxy Bank would focus on low- and moderate-income depositors in the nation's capital, while operating a lending platform in North Carolina.

Legislation with bipartisan support would raise the threshold for reporting suspicious activity, a goal banks have long sought.

A coalition of free-market-oriented groups is calling on Senate Finance Committee Chairman Orrin Hatch to rethink his push for a new tax on credit unions.

Bigger credit unions present a formidable challenge for banks in areas such as business lending.