Executives urged the consumer bureau at a public meeting to keep a closer eye on artificial intelligence innovations developed by fintech firms that are subject to less regulation.
The banking subsidiary of the Bloomington, Ill., insurer must stop providing inaccurate information to the credit bureaus under a consent order.
Readers sound off on the CFPB's name change, whether the Post Office should be allowed to engage in banking services and the FDIC's call to revamp the de novo process.
This may be “the first wave” of managers being held accountable for the phony accounts scandal; high prices discouraging cross-border acquisitions.
The Massachusetts bank has offered wealth management services in the state for several years.
Organizers of Community Bank of the Carolinas still need to raise $25 million and secure approval from the state's banking commissioner.
A pipeline of new banks is critical to the long-term health of the industry and communities across the country, argues FDIC Chairman Jelena McWilliams.
Sunrise Banks in Minnesota offers products and services designed to help underserved communities and works with fintechs that have a similar mission.
Trustology protects private keys to digital assets the way parking valets look after car keys.
The legislation would ban legal clauses that force small-business borrowers to give up their right to court proceedings before obtaining a loan.
The CFPB ordered Village Capital & Investment in Henderson, Nev., to issue refunds and pay a penalty for allegedly misrepresenting the cost savings in a refi product.
One of the many reasons people shy away from filing for bankruptcy is simply because they are not aware of the bankruptcy process and what it entails. It can be quite involved and requires attention to detail. This does not mean bankruptcy should be an option you shy away from as you seek a way......
Read More from: The Law Office of Joel R. Spivack
With Thanksgiving over and Christmas just around the corner, it’s time for many Americans to start thinking about holiday shopping. The holidays are a time to gather with friends and family and enjoy great food, relax by the fire, and hopefully exchange a few gifts.
Unfortunately for many Americans, the gifts purchased for their loved ones will put them in debt to the tune of about a thousand dollars on average. Around 75% of American shoppers will use credit cards to pay for some portion of their holiday spending. To make matters more challenging, about 15% of consumers are still paying off the debt that they accrued from last year’s holiday season.
Read More from: Bonds & Botes, P.C.
Read More from: Mediatbankry
Catching up on bankruptcy news from all fronts. I have blogged about zombie debt, there are also zombie bankruptcy claims filed by, of course, banks. The U. S. Trustee is part of the Department of Justice and oversees bankruptcy cases in most of the USA....
Read More from: Stop Creditor
Dozens of House members and four senators agree with arguments by farmers and lenders that a proposed change to the 7(a) program would disqualify worthy borrowers.
The Chicago bank's new partnership with AutoGravity mirrors others struck this year by JPMorgan Chase and U.S. Bank with providers of mobile apps that bundle the car-buying and lending processes.
Mirador's digital-lending platform lets banks and credit unions make decisions on loans within 24 hours.
CFO John Gerspach said he's not worried about legislation in Mexico to ban retail banking fees becoming law based on recent comments by the nation's president.