The president’s escalating criticism of the central bank might be bluster. But it raises questions about how far he might go and what would happen if he tried to act.
A motion to limit debate on the nominee to run the consumer bureau passed along strictly party lines, setting the stage for her to be confirmed as early as next week.
Faciam Holdings will pay nearly $68 million for Summit Bancshares.
As Congress weighs Bank Secrecy Act reforms, some worry that reducing suspicious transaction filings would be a gift to criminals.
Building alliances with startups is the most affordable route for community banks that want to offer innovative services, but industry officials cautioned that they must be balanced with smart internal investments, too.
Danish lawmakers say that the probe currently focused on Danske Bank should be expanded to include more firms.
Readers weigh in on consumers taking on more debt, President Trump's criticism of the Federal Reserve and Zions CEO Harris Simmons as Banker of the Year.
Her guidance of a former credit union through the crisis and into a profitable bank, her advocacy for reg relief and other industry priorities, and her vocal support of women seeking to knock down many of the same workplace barriers she faced make her one of our Best in Banking honorees.
The proxy season is just around the corner for calendar year public companies. Ahead of the season, two major proxy advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis, recently released their 2019 policy updates to provide guidance on how they will make recommendations on companies’ “say-on-pay” vote. Although a non-binding vote, performing poorly on a say-on-pay vote is not only disheartening, but can impact shareholder votes on election of directors (particularly compensation committee members), result in greater scrutiny of CEO performance, and require management and compensation committee members to expend significant time and resources to address concerns reflected by the vote.
Read More from: Davis Polk Briefing: Governance
U.S. earnings climbed 44% from a year earlier, aided by lower taxes, a widening net interest margin, record contributions from its stake in TD Ameritrade.
Three former CFPB officials seek more enforcement against lenders; Federal Reserve interest rates hikes have boosted bank profits.
The House Financial Services Committee chairman said "so far, the United States Senate has done nothing on a bill that passed" the House with over 400 votes.
The Federal Savings Bank is trying to persuade a judge to look beyond its CEO's alleged complicity in a fraud perpetrated by President Trump's former campaign chair.
We have all dreamed of hitting the Power Ball and thought of all the ways we would use the money IF we won. We’d pay off our debt, go on elaborate vacations, and buy a new house and cars. However, lottery and sweepstakes scams rank among the most common consumer frauds.
I do not encourage “gambling” when you are struggling to get out of debt by any means. But if you do, beware of fraudsters out to take advantage of any win-fall you may come into if you were to suddenly win proceeds from a lottery or sweepstakes.
Along with calls, mailings, emails and text messages, crooks now use online pop-up windows and social media to tell you that you have won money or prizes. Those crooks may then tell you must first pay taxes, processing, delivery or legal fees from your winnings. A request for any upfront payment is an indication that someone is trying to defraud you.
When it comes to upfront payments, criminals have some favorite methods.
Read More from: Bonds & Botes, P.C.
Read More from: Mediatbankry
Bankruptcy is typically advertised as an option you can turn to in a tough financial situation. It provides you with a way to discharge some, if not all, of your debt and get you back on track to a sound financial future. In rare situations, an unwilling debtor might get forced into involuntary bankruptcy by......
Read More from: The Law Office of Joel R. Spivack
I ran across some online articles about when, or if, you should file bankruptcy. Medical Debt? The reports of the number of bankruptcies caused by medical debt were, as Mark Twain said about reports of his demise, “widely exaggerated.” The foundation report simply concluded that any...
Read More from: Stop Creditor
The amount of debt owed by businesses and the valuations of corporations are elevated, creating a growing source of concern, the Federal Reserve said Wednesday.
Proponents of real-time payments systems say banks must embrace them given consumer demand for more immediacy and transparency, even if criminals will try to exploit them.
Four members of the Senate Banking Committee are trying to reach a compromise on legislation to revamp Bank Secrecy Act procedures after prior legislative efforts failed.