2020-07-30
Democrats Elizabeth Warren of Massachusetts and Brian Schatz of Hawaii have sent a letter to CEO Charlie Scharf demanding a response to news reports that the bank has been placing borrowers into forbearance plans without their consent.
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2020-07-30
Lexicon Bank in Las Vegas, whose chairman was a professional gambler, is actively courting poker players to open deposit accounts for their tournament winnings.
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2020-07-30
The key word is "temporary" with the FHA's quality control waiver expiring and not likely to be renewed.
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2020-07-30
The Pennsylvania company said the move is in response to margin pressure and customers' increased adoption of digital channels.
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2020-07-30
Banks, data aggregators and fintechs have clashed for a decade over how consumers’ bank account data should be shared with third parties. The agency says it will offer a plan, and industry officials have plenty of suggestions already.
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2020-07-30
The Fed announced no new actions but chairman says rebound depends on containing the virus; advocates say this may be the right time to pull the plug on the lowly one-cent coin.
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2020-07-29
The 15 executives selected for our Most Powerful Women in Banking: Next list all have remarkable stories. Over the past year each of them has taken on a major project for their company and produced impressive results.
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2020-07-29
The complaint filed by New York, California and Illinois argues that the regulation, issued in response to the 2015 Madden decision, undermines state laws intended to protect consumers.
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2020-07-29
Highlighting its commitment to hiring and promoting more minorities, the company has promoted Greg Cunningham to senior vice president and appointed him to CEO Andy Cecere’s leadership team.
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2020-07-29
As Senate Republicans consider a new coronavirus relief package, the Federal Reserve chairman said easing the so-called Collins amendment would help financial institutions support the economy.
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2020-07-29
In what was a challenging quarter for the industry, the company reported strong loan growth and a wider margin.
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2020-07-29
The pair has joined Morgan Stanley among the roster of global banks pledging to measure the impact their lending decisions have on global warming. Citi also said it would finance $250 billion of low-carbon projects.
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2020-07-29
Two trade organizations and a consumer group urged lawmakers to establish a three-year moratorium to block the charter bids of companies that they said were attempting to skirt regulatory requirements.
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2020-07-29
Members of the Senate Banking Committee took the agency’s leader to task for eliminating underwriting requirements for small-dollar lenders, which lawmakers said has left consumers more vulnerable during the pandemic.
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2020-07-29
The pioneering online lender had long struggled to live up to the hype that drove its early growth, even before the pandemic pushed it to the brink.
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2020-07-29
Seven trade groups said they would fight any effort by the agency to establish a tailored license for payments providers such as PayPal, Stripe and Square.
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