News Topic: Bankshot

Are midsize banks in position to disrupt, or are they investing billions in technology because they can’t afford not to? ... Read full article

Payday lenders argue that banks cut ties with their industry due to pressure from biased and hostile regulators. But the reality, in some cases, may be more nuanced. ... Read full article

The Senate is losing several key backers of last spring’s regulatory relief bill in the wake of the midterm elections. ... Read full article

After the retail giant filed an $800 million lawsuit against its former credit card partner, shares in Synchrony plunged. Now analysts fear its relationship with Sam’s Club may be in jeopardy. ... Read full article

The administration says it wants to focus on risky activities as opposed to individual nonbank firms. But there are big questions with that. ... Read full article

The industry risks losing more business to fintech startups and facing increased attacks in Washington if they can’t shore up their reputation. ... Read full article

With strategic changes at key trade groups and attention shifting away from regulatory relief for community banks, the interests of large institutions have taken on more prominence. ... Read full article

The bank continues to battle a series of negative headlines such as erroneous foreclosures, but public and investor reaction has been muted. ... Read full article

Merger announcements typically follow a tried-and-true formula of cutting costs to boost profit. WSFS, however, plans to reinvest $32 million in new tech initiatives after buying Beneficial. ... Read full article

Facebook is seeking customer data from big banks. Executives say it's not clear what the benefit would be, but the drawbacks are easy to tally. ... Read full article

Mel Watt's term as director of Federal Housing Finance Agency ends in January, but his exit may be accelerated if the accusations in a new report prove true. ... Read full article

It may be unprecedented, but it was hardly surprising. Still, it comes at a dangerous time for the Fed. Here’s why. ... Read full article

The bank had numerous warnings that there could be severe regulatory consequences related to deceptively advertised add-on products. It is paying the price for failing to do more in response. ... Read full article

Kathy Kraninger, President Trump’s pick to run the CFPB, will testify before Congress on Thursday in what is likely to be a defining moment for her nomination. ... Read full article

The chairman of the Federal Reserve is testifying before Congress this week, where he will likely face tough questions about the agency’s decision to let two banks slide on their exams late last month. ... Read full article

Whatever the reason that Plaid, a prominent data aggregator, can no longer access data from Capital One, the situation demonstrates how fragile fintechs are when they lose banking access. ... Read full article

Meet the new housing finance reform plan, same as the old ones. While that gives it legs, it also presents big challenges. ... Read full article