Supporters of congressional candidate Harley Rouda watch Nancy Pelosi speak on a big screen in Newport Beach, California. Photograph: New York Times

Tuesday’s US congressional elections ended with what might be called a split decision. Democrats gained more than enough seats to take control of the (...)

Somali-American Ismail Mohamed from Columbus, Ohio, is out to connect the Democratic Party with Ohio’s Somali community.

Ismail Mohamed’s life could have turned out very differently. Born in 1992, when civil war raged across Somalia, his family and he were forced to live(...)

 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(...)

US president Donald Trump signs an executive  order to review the Dodd-Frank Wall Street regulations, in Washington, DC. Photograph: Aude Guerrucci/Getty Images

US president Donald Trump on Friday ordered a review of banking regulations introduced after the 2008 financial crisis, including a review of a rule o(...)

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(...)

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(...)