Congress passed the Federal Reserve Act to establish economic stability in the U.S. by introducing a central bank to oversee monetary policy. Passed by President Woodrow Wilson, the law also ...

In 2017, the FDIC sued the second-largest U.S. bank for failure to pay $1.12 billion in deposit insurance assessments in violation of the Federal Deposit Insurance Act, and claimed the bank had ...

they may need to come up with different identification than U.S. citizens who are trying to open a bank account. Under the USA PATRIOT Act, banks, credit unions and some other financial ...

WASHINGTON (Reuters) -A top U.S. bank regulator told staff on Monday that it plans to cut its workforce by roughly 20% as part of the Trump administration's broader efforts to cull the federal ...