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A study that Scarborough Research released Thursday found that 10.2 million adults live in a household that does not use a financial institution for any banking service. According to the [...]

Bear Stearns Cos. and its Bear, Stearns Securities Corp. reached a $250 million settlement with the Securities and Exchange Commission over allegations of fraud and market timing. The settlement, announced [...]

Arab Bank PLC of Jordan said it would be a major sponsor of next week's International Anti-Money-Laundering/Combating the Financing of Terrorism Conference in Cairo. The conference, organized by the Union [...]

A top Treasury Department official said its decision last year to designate Banco Delta Asia of Macau as a primary money-laundering concern has 'produced encouraging results.' The September designation led [...]

Robert Werner, the new director of the Financial Crimes Enforcement Network, announced Wednesday that the BSA Direct program will be delayed several months while policymakers try to work through technical [...]

Senate Banking Committee Chairman Richard Shelby warned community banks to be 'alert to Basel II,' saying that the upcoming capital standards could have a major effect on regional and small [...]

House Financial Services Committee Chairman Michael Oxley took some credit Monday for the deal that banking regulators hashed out last week on the Basel II capital accord. Congressional scrutiny helped [...]

WASHINGTON -- As the House Financial Services Committee prepares to mark up a bill today that would restrict the use of credit cards and other payments for Internet gambling, the [...]

The Financial Crimes Enforcement Network announced Friday that it would begin an industry study to measure the 'feasibility and impact' of requiring financial institutions to report cross-border wire transfers. Four [...]

Hot Wheels Would you buy a car from Ben Bernanke? How about a minivan? That's the question more than a thousand Federal Reserve Board staff members have been mulling since [...]

Sens. Charles Hagel, R-Neb., and John Sununu, R-N.H., filed an amendment to the lobbying reform bill Thursday that would require annual audits of the nonprofit arms of Fannie Mae and [...]

WASHINGTON -- The four federal bank and thrift regulators reached a deal this week that finally clears the way for a proposed Basel II rule that would significantly overhaul the [...]

WASHINGTON -- Senate Banking Committee Chairman Richard Shelby chided the Securities and Exchange Commission at a hearing Tuesday for not acting more quickly to increase oversight and competition in the [...]

NEW ORLEANS -- Despite two days of meetings and high-profile speakers, perhaps the most memorable moments for the 200 bankers and regulators at a post-hurricane conference here last week were [...]

NEW ORLEANS -- Gulf Coast bankers reached out to large institutions across the country Thursday, asking for various kinds of help to recover from last summer's hurricanes. At a conference [...]

Both sides are digging in for a long fight over the Office of the Comptroller of the Currency's recent decisions to let three banks engage in commercial real estate development. [...]

WASHINGTON -- Industry representatives have welcomed the choice of Robert Werner as the next director of the Financial Crimes Enforcement Network, saying they expect him to keep the agency on [...]

The House Financial Services subcommittee on housing and community opportunity has scheduled a hearing for today on Gulf Coast housing issues. Among those scheduled to testify are Kim Kendrick, the [...]

WASHINGTON -- A report from federal regulators Friday was designed to explain why a stress test performed last year on proposed capital rules showed banks would be allowed to hold [...]

Rep. Michael Oxley, the chairman of the House Financial Services Committee, is calling for the Government Accountability Office to investigate how title insurers market and price products. In a letter [...]

WASHINGTON -- Records obtained under the Freedom of Information Act and an interview with Alan Greenspan reveal the pivotal role the former Federal Reserve Board chairman played in the debate [...]

Federal bank, thrift, and credit union regulators released new procedures Wednesday that examiners will use to look for compliance with the Fair and Accurate Credit Transactions Act of 2003. The [...]

The Senate Banking Committee has scheduled a hearing for March 1 on regulatory relief proposals for the banking industry. Sixteen regulators, bankers, and community group officials are expected to testify [...]

Robert W. Werner, the director of the Office of Foreign Assets Control since September 2004, was named Friday to be the director of the Financial Crimes Enforcement Network. Mr. Werner [...]

WASHINGTON -- Senate Banking Committee Chairman Richard Shelby slipped a last-minute provision into the deposit insurance reform law that requires the Government Accountability Office to conduct a massive study of [...]

WASHINGTON -- With support from the committee's Republican chairman, Senate Banking's top Democrat told Federal Reserve Board Chairman Ben Bernanke on Thursday that unless there is a major overhaul, lawmakers [...]

The Senate Banking Committee unanimously approved the nominations Thursday of Randall Kroszner and Kevin Warsh to the Federal Reserve Board and Edward P. Lazear to chair the White House Council [...]

Rep. Barney Frank asked the chief executives of Visa U.S.A. Inc. and MasterCard Inc. to name the major national retailer that allegedly lost hundreds of thousands of financial records. The [...]

WASHINGTON -- With the White House already clearly leery of his idea to allocate federal money to buying Louisiana properties damaged by Hurricane Katrina, the best Rep. Richard Baker could [...]

For months many Louisiana bankers rallied behind a regional rebuilding plan offered by Rep. Richard Baker, because they saw it as the only option on the table. But with the [...]

The White House on Monday defended its calls to limit the mortgage portfolios of Fannie Mae and Freddie Mac, arguing that the limitations would not have a significant impact on [...]

Financial institutions in California filed 65,000 suspicious-activity reports in the first six months of 2005, almost as many as they filed in all of 2003, according to Financial Crimes Enforcement [...]

WASHINGTON -- House Majority Leader John A. Boehner is a new face to many Americans but a very familiar one to the banking industry. Bankers have been working for a [...]

The House Commerce subcommittee on telecommunications and the Internet will hold a hearing Wednesday on interchange fees. Witnesses for the hearing have not been announced. Two other hearings important to [...]

WASHINGTON -- Rep. Spencer Bachus, R-Ala., appears to have pulled ahead of Rep. Richard Baker, R-La., in the race to succeed Rep. Michael Oxley as chairman of the House Financial [...]

Sen. Hillary Rodham Clinton has joined the list of lawmakers expressing concerns about Wal-Mart Stores Inc.'s application to obtain an industrial loan charter. 'As you surely recognize, the FDIC's actions [...]

WASHINGTON -- The Federal Reserve Board's grand foyer was packed with policy power brokers Monday morning as Ben S. Bernanke was sworn in as the central bank's 14th chairman. At [...]

WASHINGTON -- There is strong bipartisan support in Congress to bar commercial companies like Wal-Mart Stores Inc. from owning industrial loan companies, Rep. Barney Frank said. Action in Congress would [...]

WASHINGTON -- Minutes after William Fox, the director of the Financial Crimes Enforcement Network, told agency employees last week that he was leaving, the questioning began: What happens to Fincen [...]

Federal Reserve Board Governor Susan S. Bies signaled Thursday that regulators will not ease their position on the risks in commercial real estate, despite complaints that proposed guidelines would hurt [...]

WASHINGTON -- The White House's war of words with Rep. Richard Baker over the rebuilding of Louisiana escalated Thursday. Writing in Thursday's Washington Post, Don Powell, the Bush administration's point [...]

Federal Reserve Chairman Ben Bernanke was sworn in Wednesday morning by Vice Chairman Roger Ferguson Jr. It was the central bank's first change of leadership since 1987. Alan Greenspan's tenure [...]

The Senate overwhelmingly approved Ben Bernanke's nomination as the Federal Reserve Board's 13th chairman by voice vote Tuesday. Mr. Bernanke will begin a four-year term as the Fed chairman and [...]

WASHINGTON -- Peter Gwaltney is back here this week, advocating for Louisiana banks that are still reeling months after hurricanes Katrina and Rita blew through the state. On the Louisiana [...]

President Bush intends to nominate Edward P. Lazear, a Stanford University economics professor, to be the chairman of the Council of Economic Advisers, the White House said Monday. If confirmed [...]

WASHINGTON -- The director of the Financial Crimes Enforcement Network announced Monday that he will leave the agency Friday for a top anti-laundering post at Bank of America Corp. William [...]

After a month of relative quiet, financial services issues are set to begin heating up this week on Capitol Hill. The Senate is to vote today on the nomination of [...]

WASHINGTON -- Regulators have encountered another obstacle as they try to overhaul most U.S. banks' capital standards: a lack of industry consensus on how to proceed. In nearly 60 comment [...]

President Bush defended his rejection of Rep. Richard Baker's plan to create a federal agency to buy homes damaged by last year's hurricanes. 'We were concerned about creating additional federal [...]

WASHINGTON -- Recently proposed interagency guidelines clamping down on commercial real estate lending will cover relatively few banks, the director of the Fed's division of banking supervision and regulation told [...]