interest rates

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.

[more]

Rate cuts have put U.S. economy on ‘strong footing’: N.Y. Fed's Williams

12/13/19

John Williams said Friday that the Federal Reserve's three interest rate cuts this year have bolstered the housing market and consumer spending.

[more]

House Democrats spar over rate cap bill

12/06/19

Moderates on the Financial Services Committee are attempting to block legislation that would extend the 36% interest rate cap on loans to military personnel to all consumers.

[more]

Stern warning to lenders mulling end run around California rate caps

12/06/19

Federal and state policymakers wagged their fingers this week at high-cost lenders that might be looking to team with banks to evade a 36% ceiling on interest rates.

[more]

Pause in rate cuts will mean more M&A in 2020, says OceanFirst chief

12/04/19

Christopher Maher, who has announced seven bank deals since 2015, says a stable rate outlook will help buyers and sellers crunch merger numbers.

[more]

An internet banking pioneer’s view from the catbird seat

11/26/19

David Becker, who founded First Internet Bank two decades ago, says traditional banks' digital-only ventures are only making his bank look more mainstream.

[more]

Fed's Brainard sees solid economy, backs change to monetary policy

11/26/19

In the Fed's quest to bring inflation back to its 2% target, Gov. Brainard recommended pursuing a policy she called “flexible inflation averaging.”

[more]

No room for error with deposit pricing

11/25/19

Banks need to more actively manage margins — including the use of new modeling technology — in the current low-interest-rate environment.

[more]

Bank of America's Moynihan says U.S. doesn't need negative rates

11/21/19

Bank of America Chief Executive Officer Brian Moynihan said the U.S. has no need for negative interest rates because its economy is strong, unlike other regions that have employed the tricky strategy.

[more]

Westamerica once again eyeing M&A, CEO says

11/19/19

The once-acquisitive company appears ready to come off the sidelines, but will it be as a buyer or seller?

[more]