The discounts that Fannie Mae and Freddie Mac used to offer large originators for selling them bulk bundles of mortgages continue to haunt small lenders, who worry a new housing finance system could revive the practice. ... Read full article
The Pittsburgh company, pleased with employee and client retention from its March purchase of Yadkin Financial, is looking to hire lenders from other institutions. ... Read full article
House and Senate lawmakers formally filed resolutions on Thursday to repeal the Consumer Financial Protection Bureau's arbitration rule, but there were early signs that enacting them may prove challenging. ... Read full article
U.S. Bank has begun using Einstein, Salesforce’s AI software, to give front-line staff insights into customer activity and recommendations. Other banks are likely to add similar tools. ... Read full article
The regional bank reported an 8% gain in fee income and trimmed costs amid 1% loan growth. ... Read full article
The marketplace lender's application for an industrial bank charter is under fire from small banks and progressives, who say it could violate the barrier between banking and commerce and shut out middle-class and lower-income consumers. ... Read full article
Declines in commercial products and mortgage banking fees at the Minneapolis company offset some of the benefits of higher interest rates. ... Read full article
The Illinois company has bought two banks and a small mortgage firm in the past year, which helped improve its second-quarter results. ... Read full article
The Buffalo, N.Y., bank also said commercial and consumer lending ticked up, while residential real estate fell during the second quarter. ... Read full article
The Pennsylvania bank's mortgage performance contributed to stronger loan growth, fee income and profits. ... Read full article
The FDIC is watching banks that use wholesale funds to support CRE lending. The warning comes as brokered deposit levels at community banks are at their highest level in nearly six years. ... Read full article
Most U.S. voters, including those who identify as Republicans, support the Dodd-Frank financial reform law and the Consumer Financial Protection Bureau, according to a poll conducted in late June. ... Read full article
The OCC and CFPB are engaging in a high-stakes battle over the latter agency's effort to rein in mandatory arbitration clauses, in a rare public spat between federal regulators. ... Read full article
Federal regulators issued a proposal Tuesday that would increase the threshold at which commercial real estate transactions require an appraisal, a move that could give some lenders sizable relief. ... Read full article
The Georgia company made more loans and controlled costs. As a result, it had a 1% return on assets and an efficiency ratio below 60%. ... Read full article
House lawmakers including Jeb Hensarling are preparing to move on a series of targeted regulatory relief bills in an effort to give Senate Banking Committee Chairman Mike Crapo, R-Idaho, more leeway when he tries to craft a relief measure. ... Read full article
Acting Comptroller of the Currency Keith Noreika has asked the CFPB to delay publishing its final arbitration rule, citing concerns about how it will impact the safety and soundness of banks. ... Read full article
House Financial Services Committee Chairman Jeb Hensarling continued the drumbeat of Republican attacks on Consumer Financial Protection Bureau Director Richard Cordray. ... Read full article
Expenses also rose, as well as the provision for loan losses, but credit quality remained spotless at the lender to the wealthy. ... Read full article
On the first big day of 2Q results, bankers said their investments in middle-market lending have started paying off. JPMorgan Chase and PNC have added commercial loan officers in new markets across the country. ... Read full article
