Despite their global reach, the largest U.S. banks mostly stayed quiet in response to President Trump’s ban stopping nationals from certain Muslim countries from entering the United States.
The Consumer Financial Protection Bureau ordered two units of Citigroup to pay a combined $28.8 million for failing to help borrowers with foreclosure relief.
Credit card issuers usually reserve their richest rewards for customers at the higher end who are willing to pay steep annual fees. But a recent surge in credit card rewards deals targeting mainstream consumers signals a key strategy shift for issuers.
As expected, Cecere succeeds Davis at regional bank; OneWest is expected to get most of focus at Treasury nominee's confirmation hearing, but First Federal acquisition also raises questions.
