Readers respond to a bill designed to modernize the anti-money-laundering rules, applaud the acting head of the CFPB’s decision to fire the members of the bureau’s advisory councils, opine on when a bank ought to communicate it has been hacked and more.
The new chair of the Conference of State Bank Supervisors argues that state regulators will keep protecting consumers if the CFPB curtails oversight.
The Canadian company's ambitions include opening a commercial banking office in Dallas and beefing up lending to the technology, construction engineering and the health care sectors.
The acquisition will help Carolina Trust expand its operations around Charlotte.
The company, which was flagged for two products, has been working with its regulators to determine the right amount to set aside.
Of all the types of malicious software targeting businesses, ransomware continues to be one of the most pervasive, according to recent studies. Here's an overview of the things banks, especially small ones, are doing to stop it.
To be future-proof, banks need data scientists, behavioral psychologists, experienced designers and community advocates, Brett King says.
The settlement applies to customers who had accounts opened without their consent over a 15-year period beginning in May 2002.
Approval rates for small-business loan applications were up at small and larger financial institutions as the labor market continued to improve.
Cadence first discussed a deal with the Atlanta target four years ago. But negotiations picked up steam once it was clear State Bank had other suitors.
Starling's Anne Boden and Mastercard's Ann Cairns have a similar warning for the banking and tech sectors. Facebook scolds activist investor Natasha Lamb for being "not nice." And some big Most Powerful Women moves, as Catherine Keating takes a new CEO job and Kathie Andrade exits TIAA.
The settlement is the latest development in probes by governments around the globe into banks’ manipulation of benchmark interest rates.
The agency has provided new information about changes large and midsize banks are making in the wake of the Wells Fargo scandal, but Senate Democrats continue to press for more details.
Blue Lion Capital, which has been a vocal critic of the Seattle company's strategy, also wants management to consider selling its MSR portfolio.
Wells Fargo on the receiving end of USAA's long-standing intellectual property threat; millions are mad about Erica, Bank of America's virtual assistant; relief may be in reach for bankers fed up with SARs; and more from this week's most-read stories.
From a major CFPB deadline to a long-anticipated fintech report, there's a lot to watch for in the days to come.
No plan will be implemented as long as Fannie Mae and Freddie Mac remain in conservatorship, but a capital framework for the companies could still have a substantive impact.
Bank of America is in expansion mode and wants to add 10,000 retail and other workers who better reflect the communities it serves.
Kathy Kraninger, an obscure official at the Office of Management and Budget, is President Trump's leading candidate to become director of CFPB, according to sources.
The new guidelines are a prelude to a much larger effort by regulators to modernize implementation of the Community Reinvestment Act.