House passes offshoring bill inspired by Wells Fargo layoffs


The legislation, sponsored by Rep. Cindy Axne of Iowa, aims to hold public companies accountable for moving jobs overseas. It won unanimous support from House Democrats but attracted only two votes from Republicans.


LendingClub turns to outsourcing in latest effort to cut costs


The San Francisco-based online lender, which has recorded nearly $450 million in losses since 2016, is taking aggressive steps to achieve adjusted profitability later this year.


ICBA's community banking fintech accelerator comes with warning to core providers


The advocacy group argues that major core processors are not helping small banks keep pace with customers' technology demands.


How Ocwen's regulatory woes could help rival Nationstar


The onslaught of regulatory actions against Ocwen may open the door for Nationstar to pick up a massive subservicing portfolio from the beleaguered servicer.


Citi names Chubak to head consumer retail banking and mortgage


Citi has named David Chubak as head of global retail banking and mortgage for the global consumer bank, replacing Jonathan Larsen, who resigned late last year.