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It seems counterintuitive, but every time you hear about a financial scandal in the Vatican, that is good news, not bad. It is good news because it shows — to quote the Vatican’s financial watchdog — that the regulatory system is working.For too long, the church... Read More →

A New York woman who wants to become a nun has been told she’ll have to wait to take her vows until she pays off her student loans. Alida Taylor, 28, told New York’s CBS2 that her desire to become a nun happened after she graduated from the University of Louisiana,... Read More →

It is now impossible to launder money at the Vatican bank, its chairman said upon release of an annual report showing 4,935 accounts that had been closed between June 2013 and December 2015. Jean-Baptiste de Franssu explained that the Vatican bank, known as the Institute for the... Read More →

As the financial-services industry works to digest the Labor Department’s new fiduciary-duty rule—requiring advisers making recommendations on retirement accounts to act in their clients’ best interests—financial advisers have many questions about how the new standard will affect... Read More →

The Vatican suspended an audit of its finances by PricewaterhouseCoopers (PwC), a decision sources said was taken to determine if there were irregularities in the contract. Read more at Reuters.   Read More →

AS HE unveiled an extensive shake-up of the Vatican’s financial structures on July 9th, Cardinal George Pell said Pope Francis would soon name an auditor-general, free to “go everywhere and anywhere” in the walled city-state to root out pecuniary lapses. The appointment of the... Read More →

By Josephine McKenna VATICAN CITY First, Rush Limbaugh and Glenn Beck labeled Pope Francis a Marxist. Now, The Economist is accusing him of following Vladimir Lenin. The respected financial magazine accused the pope of following the founder of Soviet communism in adopting an... Read More →

By Carol GlatzVATICAN CITY (CNS) — When Pope Francis condemns a “cult of money” and the “dictatorship” of a faceless economy, he isn’t trying to damper entrepreneurial spirit or shutter business.What entrepreneurs and leaders need, he has... Read More →

By Allister Heath There can be no doubt that Pope Francis is a devoted and selfless man who has dedicated his life to serving others. A phenomenal theologian, he abhors war and poverty and is an inspiration to hundreds of millions of believers; he has gained widespread respect... Read More →

BY SARAH PULLIAM BAILEY  How many voters know that former Florida Gov. Jeb Bush is a Roman Catholic? Or that Texas Sen. Ted Cruz is a Southern Baptist, not a Latino Catholic? Or that Florida Sen. Marco Rubio worships at both a Catholic parish and an evangelical church? More... Read More →