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Stocks are closing sharply lower on Wall Street Friday, after a coronavirus variant from South Africa appeared to be spreading across the globe and the European Union proposed suspending air travel from southern Africa.
Banks are opposed because her previous criticism of the banking industry makes them fearful she will be a tough regulator for Wall Street.
In its first significant action under a new director, the Consumer Financial Protection Bureau is ordering Apple, Amazon, PayPal and other tech giants to reveal how their proprietary payment networks function.
Two studies released Wednesday found that the nation's housing availability and affordability crisis is expected to worsen significantly following the pandemic.
The Office of the Comptroller of the Currency says it plans to start from scratch on its regulations involving the Community Reinvestment Act. The agency told banks to effectively ignore the 2020 changes.
Chopra would be the third permanent director of the Consumer Financial Protection Bureau. He previously worked at the watchdog agency in its early days as the top official on student loan issues and is currently a Democratic commissioner on the…
JPMorgan Chase admitted Tuesday to manipulating the markets for precious metals and U.S. Treasuries, agreeing to pay $920 million in fines and penalties for the illegal behavior.
The Federal Reserve is lifting its lending restrictions on Wells Fargo after some of the bank's thousands of small business customers were shut out of a program that's supposed to throw them a financial lifeline.
The federal government’s relief program for small businesses is off to a slow start, with few businesses able to apply and some big banks saying they’re not ready to process applications.
The bank will only lend to power companies to build coal power plants when the design includes carbon capture technology and will not finance new projects involving oil and gas development in the Arctic.
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