CFPB has become the regulatory nightmare Republicans always feared
More than a decade ago, a senator from Alabama warned that the Consumer Financial Protection Bureau would grow into an unaccountable monstrosity. His successor, Sen. Katie Britt, says that prediction has proven true.
Synchrony profits surge 25% on higher credit card balances
The company, which partners with retailers on store credit cards, saw spending volumes slip during the third quarter. But cardholders' outstanding balances rose, driving more interest revenues.
TD money-laundering scandal puts supervision back under the microscope
For more than a decade, the bank allowed billions of dollars from illicit activities to flow through the U.S. financial system unchecked. Some are wondering why examiners didn't put a stop to it sooner.
20 largest banks and thrifts by assets
The top five banks and thrifts had combined assets of more than $13 trillion as of June 30, 2024.