The attorney general told lawmakers that exempting states that have legalized marijuana from the federal ban is better than the current system where state and federal laws are in conflict.
The former lawmaker joins the Swiss bank after years of pushing for bank deregulation as chairman of the House Financial Services Committee.
The chairwoman of the House Small Business Committee promised to block action on the agency's budget unless it can justify its fee-hike request.
Regulators and lawmakers go to great lengths to avoid using the term for reforms in the Trump era, but its meaning is consistent with recent steps to revise and clarify the post-crisis regime.
Fifty-nine percent of Americans between the ages of 18 and 23 want to buy a house in the next five years, and more than half have already started saving for one, according to a survey by Bank of America.
The House Financial Services Committee recently approved protections for banks financing cannabis companies in states where it’s legal. This a good first step, but improvements are needed.
Chief executives of Wall Street's largest banks were awarded record pay packages last year as profits soared. Nearly 2,500 miles away, the CEO of a little-known online lender, born at the height of the dot-com bubble, quietly outearned them all.
Jamie Forese, long considered the potential successor to Citigroup Chief Executive Officer Michael Corbat, is departing after 34 years at the firm.
Small banks rise up against “onerous contracts and sometimes mediocre digital offerings”; Quarles warns banks to speed up preparations for Libor sunset.
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“Don’t ruin your credit by filing bankruptcy!” say those who run a debt settlement scam. “The secret the credit card companies don’t want you to know!” “Don’t file chapter 7 bankruptcy!” “If you owe at least $10,000 in credit card debt, you are eligible for...
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In 2016, a big-bank consortium said that it would charge the same prices to all institutions, regardless of their size. But now the group has added a large caveat to that pledge.
The online lender's recent completion of a $700 million securitization provided Jonathan Ebinger at BlueRun Ventures an opportunity to reflect on what he has learned about the power of alternative data.
On the same day the House Financial Services Committee held a hearing with CEOs of seven of the largest banks, Sen. Sherrod Brown said bank misconduct since the crisis demanded further inquiry by the Senate Banking Committee.
The technology provider to financial advisers is partnering with Advisor Credit Exchange to help them connect their clients with banks and nonbanks for consumer and business loans.
The decade-old rule, now under review, is outdated and another example of one-size-fits-all regulation, community bankers say.
The startup now has five bank partners and equity financing from four investment entities.
A House Financial Services Committee hearing featuring seven large-bank CEOs tackled a host of contentious subjects, as Republicans and Democrats sparred over whether such institutions are simply too big.