All Stories
Bill to revamp consumer agency passes U.S. House, unlikely to become law
WASHINGTON (Reuters) - The Republican-led U.S. House of Representatives passed a bill on Thursday to overhaul the U.S. consumer financial watchdog, although the politically charged legislation stands little chance of...
Financial services, retail groups form cyber partnership
WASHINGTON (Reuters) - U.S. banks and retail groups announced on Thursday that they are joining forces to work on cybersecurity, a sign they are trying to move past recent squabbles...
U.S. cities criticize treatment of munis in bank liquidity plan
WASHINGTON (Reuters) - Leaders of U.S. cities and states criticized bank regulators' proposal to block banks from counting municipal debt toward buffers of easy-to-sell assets they will have to hold...
War hero’s story draws standing ovation in Obama’s speech
WASHINGTON (Reuters) - President Barack Obama invoked the struggles faced by a wounded Army Ranger as he urged the U.S. Congress on Tuesday to work with him to tackle big...
Worried Fed seeks to curb Wall Street banks commodity trade
NEW YORK/WASHINGTON (Reuters) - The U.S. Federal Reserve on Tuesday took a first formal step toward restricting the role of Wall Street banks in trading physical commodities, citing fears that...
U.S. Treasury calls for more federal insurance oversight
WASHINGTON (Reuters) - The U.S. Treasury Department's insurance office called for a bigger federal government role in insurance regulation, including new standards for mortgage insurers, and said state officials should...
Fed approves capital plans of Goldman and JPMorgan
WASHINGTON (Reuters) - The Federal Reserve on Monday said it approved new capital plans by Goldman Sachs and JPMorgan Chase, after initially ordering the banks to fix flaws in their...
As Fed chair, Yellen unlikely to let big banks off the hook
WASHINGTON (Reuters) - Big banks hoping for a break from the U.S. Federal Reserve's tough line on regulation will be disappointed by Janet Yellen, President Barack Obama's choice to lead...
Shutdown woes pile up as Washington gridlock holds
WASHINGTON (Reuters) - Tourism sagged near U.S. national parks, Washington-area workers filed more unemployment claims and futures markets grappled with a lack of data as the government shutdown, now in...
U.S. consumer bureau bars payment firm over debt-settlement fees
WASHINGTON (Reuters) - The U.S. consumer watchdog said on Thursday it fined payment processor Meracord for helping to collect illegal debt-settlement fees, part of a broader crackdown on companies that...