Apple Card raises pressure on banks — and fintechs
The new Apple Card wasn't just one product of many announced at the Steve Jobs Theater on Monday — it was the glue that binds all of Apple's new services together. ... Read full article
The new Apple Card wasn't just one product of many announced at the Steve Jobs Theater on Monday — it was the glue that binds all of Apple's new services together. ... Read full article
The Federal Housing Finance Agency in recent years has required Fannie Mae and Freddie Mac to contribute to the funds every March, but has yet to make a 2019 request. Housing groups see the delay as a troubling sign. ... Read full article
Apple's new credit card isn't just another virtual card in its virtual wallet. It borrows a lot of features from the most successful brands in payments and technology. ... Read full article
Stephen Moore drew swift and unusually pointed criticism after President Trump picked him to be a governor of the Federal Reserve, with at least one prominent Republican economist calling on the Senate to block the appointment. ... Read full article
Agency concerned about the number of "risky" mortgages being approved; Brian Kelly, who runs The Points Guy website, can determine if a card succeeds or fails. ... Read full article
Goldman Sachs pays women in the U.K. an average of 50.6 percent less than male colleagues per hour, although this is an improvement on the 56 percent gap the Wall Street firm reported a year ago. ... Read full article
Robust public discussion from a diverse array of stakeholders has informed regulators working to reform the Community Reinvestment Act, but it has also included some misleading claims, writes a top OCC official. ... Read full article
JPMorgan Chase is pushing about 300 London-based investment banking staff to sign fresh contracts confirming they'll leave the U.K. in the event of a no-deal Brexit, people familiar with the matter said. ... Read full article
AI-driven customer insights, mortgages and small-business loans are among the features in the app, which the bank is rolling out Monday. ... Read full article
Banks and credit unions may be moving one step closer to federal legislation freeing them to serve legal pot businesses, but the path to enactment is still fraught with huge challenges. ... Read full article
The Democrats are asking the OCC and the CFPB to use their authority to remove Tim Sloan, who became CEO in 2016. ... Read full article
The bureau had already proposed removing the underwriting portion of the rule, but a judge in Texas has indefinitely delayed the other key component as well. ... Read full article
In a post to a social networking site, Rachel Pross, chief risk officer at an Oregon institution, described unwanted touches and inappropriate comments by male executives and directors at the event. ... Read full article
In the second lawsuit of its kind, more than a dozen of the world's largest banks are accused of price fixing on roughly $486 billion of bonds issued by Fannie Mae and Freddie Mac. ... Read full article
What the FIS-Worldpay deal means for banks; behind the OCC's public rebuke of Wells Fargo; ripple effect feared as Fed mulls lifetime bans for two bankers; and more from this week's most-read stories. ... Read full article
Moore is a founder of the conservative Club for Growth and served on the editorial board of The Wall Street Journal. ... Read full article
Susan Ehrlich, the fintech lender's new chief, discusses what she learned working at Amazon and Simple and how her firm is approaching consumer loans differently. ... Read full article
Deutsche Bank employees in the U.S. received the lion's share of bonuses as the lender sought to retain top performers following cuts to the investment bank there. ... Read full article
The head of the agency said she wants FDIC staff to be proactive with banks that show visible problems, but not “focus more on seeking out dirt than on whether the home is clean.” ... Read full article
The market for P2P payments is finally taking off after years of false starts, but there are still many unanswered questions. The biggest one: How do banks get value out of offering this service free of charge? ... Read full article