The promotion of “insured” accounts by nonbanks and fintechs is a worrying trend, because it could leave customers falsely believing their accounts are just as safe as FDIC-insured ones.
The White House said that Comptroller of the Currency Joseph Otting will serve as acting director of the Federal Housing Finance Agency beginning Jan. 6 after the end of the Director Mel Watt’s term.
The Fed and FDIC found fault with resolution plans filed by four of the largest foreign lenders, though none of the shortcomings were severe enough to warrant rejecting the "living wills."
Selling $1.6 billion in mortgages, and paying off a similar amount of wholesale borrowings, will allow the company to expand its net interest margin in 2019.
Regulators give OK, but find “shortcomings” that need to be addressed; Labor Department says the bank is laying off U.S. workers while hiring overseas.
Readers respond to one fintech startup's tough talk, debate failed plans to change the Consumer Financial Protection Bureau's name, weigh reforms to the Community Reinvestment Act and more.
Among the most innovative CEOs of his generation, the former Umpqua chief and Pivotus founder is taking some of his best ideas to a new fintech as an adviser.
Student loan debt — now at $1.5 trillion in the U.S. — is arguably the greatest pain point for consumers in their 20s and 30s. To court that demographic, banks are increasingly offering help with refinancing and repayment.
The expected incoming chair of the House Financial Services Committee told the former acting CFPB chief that he will still be the target of congressional inquiry despite no longer leading the agency.
