Credit unions are looking for Congress to take up legislation following news of a new data breach that exposed millions of shoppers’ data.
The cost of the government’s bailout programs has climbed $6 billion to $27 billion, according to the latest analysis from the Congressional Budget Office.
The head of BP’s cleanup following the Deepwater Horizon spill sold off his stake in the company before the severity of the spill was known, according to the Securities and Exchange Commission.
Financial trade groups are pushing back against a growing call to bar banks from actually owning physical commodities.
The revisions will allow financial institutions five more years to comply with a provision of the Dodd-Frank Act.
Retailers are creating a new system to share information and help fight cyber threats.
The National Retail Federation announced on Monday that the new platform, modeled after a financial industry forum, is scheduled to be up and running in June. Once operational, the information-sharing and analysis center should help stores beef up their defenses against hackers.
Treasury Secretary Timothy Geithner’s upcoming book tour will reportedly include a few other top veterans of the financial crisis.
Critics of the big banks are crying foul about legislation that is moving through Congress.
Republicans on the House Financial Services Committee are prepared to subpoena top officials at the Consumer Financial Protection Bureau if they refuse to testify on workplace issues at the regulator.
Regulators say the bank used deceptive marketing practices to sell add-on services.