Mick Mulvaney (on left) leaves the Consumer Financial Protection Bureau  building in Washington on Monday. Photograph: Carlos Barria/Reuters

The White House brought doughnuts and diktats to an extraordinary public struggle for control of a banking watchdog on Monday as President Donald Trum(...)

Mick Mulvaney was appointed by the White House as acting head of the Consumer Financial Protection Bureau, an agency he has described as a “sick joke”. Photograph: Al Drago/The New York Times

The White House is preparing for a legal battle for control of the top US consumer finance watchdog, with two rival acting heads expected to appear at(...)

As bank-bashing subsides - nine years after the collapse of Lehman Brothers - there may be a push to slow down or unwind rules designed to curb the financial world’s excesses

They were called public enemies. They were strung up in effigy during protests in London and New York. Their behaviour spurred an outcry that changed(...)

US president Donald Trump: his economic policies are all about empowering ethically challenged businesses to cheat and exploit the little guy. Photograph: Andrew Harrer/Pool/Getty

People keep saying that Donald Trump is a populist. I do not think that word means what they think it means. Okay, it’s true that the so-called presi(...)

Thousands of Wells Fargo employees  may have opened over two million  accounts without customers’ permission. Photograph: Robert Galbraith/Reuters

Wells Fargo has been hit by the US consumer finance watchdog’s largest fine to date after regulators found staff racing to meet sales targets secretly(...)

PayPal has paid $25m to settle a catalogue of complaints by the US consumer financial watchdog that it illegally steered consumers into its online credit product, PayPal Credit.

PayPal has paid $25 million (€22.4 million) to settle a series of complaints by the US consumer financial watchdog that it illegally steered consumers(...)

Senator Elizabeth Warren, a Democrat from Massachusetts, speaking at the National Press Club in Washington yesterday. Ms Warren says Wall Street recklessness caused the 2008 financial crisis Photograph: Bloomberg

Last year the vampires of finance bought themselves a Congress. I know it’s not nice to call them that, but I have my reasons which I’ll explain in a (...)

Republican leaders such as Mitch McConnell tried to help their friends with the Orwellian claim that resolution authority was actually a gift to Wall Street. But Wall Street knew better. Photograph: Getty Images

Although the enemies of US health reform will never admit it, the Affordable Care Act is looking more and more like a big success. Costs are coming in(...)

Bank of America has been ordered to pay roughly $772 million in refunds to customers and fines to US federal regulators to settle allegations t(...)

Senator Elizabeth Warren: the former Harvard professor of bankruptcy law   ticks many boxes for presidential material among Democrats who fear  Hillary Clinton’s centrist economic stance and cosiness with Wall Street.   Photograph:  Joshua Roberts/Reuters

There is a popular video on YouTube, viewed more than one million times, showing a group of hapless financial regulators squirming under questioning b(...)