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SEC, CFTC heads say cyber markets “show little or no regard” for regulation; Dimon and Blankfein say president’s policies help the economy and their businesses. ... Read full article

CFPB opponents trying to use the spending bill to put the agency's budget under congressional appropriations must be stopped. ... Read full article

The New York company named two new members to its executive committee as it splits oversight of business capital and consumer banking into separate jobs. ... Read full article

Many in the industry applauded the Consumer Financial Protection Bureau's new mission statement shifting the agency's focus away from using enforcement actions as a substitute for rules of the road. ... Read full article

Enterprise customers will be able to send payment data to the bank through an application programming interface, rather than as XML or Swift files. ... Read full article

The Consumer Financial Protection Bureau published a request for information Wednesday seeking comment on the bureau's process for investigating companies that face possible enforcement actions. ... Read full article

The credit card lender said late payments increased during the quarter but that it expects them to level off in 2018. ... Read full article

Plans by IDT and MercuryFX to test XRP for cross-border payments are another vote of confidence for Ripple’s products. ... Read full article

Net interest income has surged thanks to rising rates, but noninterest income has lagged as trading revenue has weakened, refi demand has softened and fees from deposit service charges have barely budged. Is this the new normal? ... Read full article

Executives point out while they are fixing the online lender's very public problems, loan originations are still in the billions and it has expanded into wealth management. ... Read full article

Supporters of an unreleased bill to revamp the housing finance system say the plan strikes a middle ground that can gain support from both sides of the aisle. ... Read full article

The Chicago custody bank won new fund-administration business and benefited from the acquisition of a UBS asset-management unit. A one-time adjustment tied to the new tax law also provided a boost. ... Read full article

Citigroup Inc. CEO Michael Corbat said he’s ready to deploy resources to grow “even faster” in a world of synchronized economic growth from Japan to Europe. ... Read full article

Upper chamber approves nomination to succeed Janet Yellen; Twitter’s operations chief to take over online lender in March. ... Read full article

Acting Director Mick Mulvaney’s decision to halt the collection of consumer data renders bank exams less effective and ignores existing cybersecurity protections, the Massachusetts senator argues. ... Read full article

In a strongly worded memo to staff of the Consumer Financial Protection Bureau Tuesday, acting Director Mick Mulvaney indicated the bureau will value the concerns of companies it regulates to the same extent as consumers. ... Read full article

A plan by the largest U.S. bank to use part of its tax windfall to enter new markets (including Washington and Boston) could become a serious threat for banks of all sizes in those cities — or looked backed upon someday as a pricey over-expansion. ... Read full article

Consumer lending was a bright spot, but a series of one-time charges, capped by a writedown on its deferred tax assets, led to a nearly $1 billion loss. ... Read full article