2019-01-04
The accounts — which eschew paper checks and overdraft protection — appeal beyond the low-income customers they were intended for; lenders are embracing artificial intelligence systems to analyze more data to determine creditworthiness.
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2019-01-04
Readers respond to Wells Fargo's latest fine, weigh Sen. Elizabeth Warren's potential bid for president, consider how banks are preparing for climate change and more.
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2019-01-04
The technology does not yet exist, but in the not-too-distant future it could fundamentally transform how many organizations do business.
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2019-01-04
LendStreet is looking to break the circle of debt that often arises when struggling borrowers try to consolidate what they owe.
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2019-01-03
The bank will pay over $15 million in restitution and fines to settle claims that it neglected stop-payment requests and reopened deposit accounts without customers' consent.
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2019-01-03
Executives from Microsoft and other firms will expand PNC's board to 14 members.
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2019-01-03
Citi wants to attract credit card customers who use its card for staples such as groceries and gas — a pivot from its past of marketing to the social butterflies who would use its cards on dining and entertainment.
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2019-01-03
The Pennsylvania company has agreed to buy Forney Financial Solutions.
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2019-01-03
The agencies are weighing a plan to reduce the scope of residential real estate transactions requiring an appraisal, but appraisers have warned that the proposal could have consequences.
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2019-01-03
The Office of the Comptroller of the Currency advanced the ball last year by collecting public feedback on modernizing the law, but all three federal bank regulators will have to reach consensus on a formal proposal.
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2019-01-03
In her New Year’s message, CFPB Director Kathy Kraninger called on the agency to ensure that consumers are treated fairly and that “the marketplace is innovating.”
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2019-01-03
Bob Mahoney, CEO of Belmont Savings, called Jack Barnes after People's United agreed to buy a Connecticut bank. The banks announced their own merger agreement five months later.
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2019-01-03
The advent of self-service apps has reduced the frequency of customer-employee interactions at banks, but that just makes face-to-face time all the more valuable.
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2019-01-03
From the end of overdraft fees to the rise of banks that watch their customers' every move, there are several new banking trends on the horizon in 2019.
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2019-01-03
In a recent decision, In re Orexigen Therapeutics, Inc., No. 18-10518 (KG) (Bankr. D. Del. Nov.
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2019-01-03
Facebook’s WhatsApp unit has been testing its payments app in India since May; investors price in an almost a 90% probability of no Fed hikes this year.
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2019-01-03
Bank portfolios are chock full of loans to industries — think agriculture, tourism, real estate and energy — that could be particularly hard hit by warming temperatures.
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2019-01-03
The year featured executive shake-ups at the top of several of the industry’s largest institutions.
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2019-01-03
Banks need to stake out a presence on platforms that have nothing to do with banking.
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