interest rates

Big mortgage lenders are flirting with disaster

02/07/20

Banks' lowering of origination fees and loosening of underwriting standards often foreshadow a downturn.

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Why House Democrats are at odds over rate cap bill

02/05/20

An intraparty rift went public Wednesday over legislation that would impose a 36% rate limit on all consumer loans. Critics are concerned it would cut off minority borrowers’ access to small-dollar loans and hurt some community banks.

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ECB opens to large bank mergers; Deutsche Bank has a new scandal

01/27/20

The move by the European bank regulator is a policy shift as profitability at the region's banks continues to suffer from negative rates; the German bank paid $1.1 million to win business from a senior Saudi royal.

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Trump plans to nominate Shelton, Waller to Fed board

01/17/20

The president tapped the pair in July for the two remaining vacancies, but the formal announcement of his intention to nominate them didn’t come until this week.

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BofA chief emphasizes 'responsible growth' to counter rate pressure

01/15/20

Brian Moynihan said banks must be mindful of pricing and risk as they contend with lower yields on loans and securities.

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Comerica CEO won’t rule out acquisitions

01/02/20

While his focus is on organic growth in Texas and California, Curt Farmer says he would consider a deal in those states if the right one comes along.

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‘It’s game time’: Libor transition to pick up steam in new year

12/29/19

Regulators' oversight of the industry's switch to a new interest rate benchmark is expected to intensify as a key deadline approaches.

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There’s a ‘true lender’ fight brewing in California

12/20/19

The state has proposed a law to cap the interest rate on certain consumer loans, but nonbanks aim to skirt it by seeking a rent-a-charter.

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Banks cite regulations among reasons for repo spike: Survey

12/19/19

Many large lenders pointed regulatory restrictions on their balance sheets and reduced risk appetite to explain why they stood on the sidelines during the September spike in overnight funding rates, according to a Federal Reserve survey of senior credit officers.

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California fines title lender, says its pricing violated state law

12/16/19

The Department of Business Oversight said TitleMax charged consumers fees to push loan amounts above the threshold at which the state's rate cap applies.

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