Critics question the proposal's constitutionality and say it could lead to quotas.
Lawmakers say the new regulations would be devastating for the institutions.
Banks and other financial institutions should let the public know if they are paying colleges and universities to be able to market debit cards, accounts and other products to students, according to the Consumer Financial Protection Bureau.
The financial watchdog called on companies to disclose their relationships with schools to better inform students about the financial products they’re being offered.
A former top aide to Senate Majority Leader Harry Reid (D-Nev.) is poised to take the reins at the Commodity Futures Trading Commission (CFTC).
SEC probes arising from the Great Recession have led to charges against 169 individuals and firms, the agency says.
The Bloomberg poll showed only 42 percent of people knew what bitcoin is, but, after a brief explanation about the money system, 45 percent think that it needs better regulation.
The Treasury Department is out with a new report calling for a expanded role in the regulation of the insurance industry, The New York Times reports.
Merrill Lynch has agreed to pay more than $131 million to settle Securities and Exchange Commission (SEC) charges that it lied about details of some of its structured financial products.
The settlement would come on the heels of JPMorgan's record $13 billion settlement reached last month with the government.
The highly anticipated regulations are a cornerstone of the Dodd-Frank Wall Street reform law.