Legislation advanced by the Senate banking panel has a good shot at passage, as long as lawmakers remain focused on helping community banks — not Wall Street.
Credit card debt hit $807 billion in the fourth quarter of 2016, with consumer balances on average exceeding $4,800, according to a report released by the Consumer Financial Protection Bureau.
Consumers’ desire to shop online is creating huge demand for distribution centers and forcing property owners to think creatively about redeveloping vacant retail space. Meanwhile, hundreds of billions of dollars will be spent rebuilding areas hard hit by hurricanes and wildfires.
The Consumer Financial Protection Bureau on Wednesday launched a rate spread calculator and validation tool for financial companies reporting Home Mortgage Disclosure Act data starting Jan. 1.
The veteran banker wants to turn his Pennsylvania bank into a major business lender. But first he has to spin off the buzzy digital-only bank he helped build.
Was the president’s recent tweet about enforcement measures against Wells Fargo an articulation of the administration’s approach for holding banks and executives accountable? Or is a tweet just a tweet?
There’s growing evidence that the greatest progress and most effective decision-making are not the products of a single charismatic leader or pair of leaders, but of a collaborative culture. Banks could benefit from adopting this mindset.
Scott Page, CEO of CoBiz Bank, will retire in a few days. He will be succeeded by Steven Bangert, the company's chairman and CEO. The company's chief financial officer will also become its chief operating officer.
