How 6 million Bank of America customers are using Erica
The most popular features of the AI-driven virtual assistant include transaction search and spending alerts. ... Read full article
The most popular features of the AI-driven virtual assistant include transaction search and spending alerts. ... Read full article
Banks will likely continue to exercise caution in the wake of Facebook's announcement that it’s restricting the way providers of housing, employment and credit advertise on its site. ... Read full article
J.D. Power found that customers who have a variety of accounts with an online-only bank are far more satisfied than those with just checking or savings accounts. ... Read full article
The bill by Sens. Kevin Cramer, R-N.D., and John Kennedy, R-La., would block banks and credit unions with over $10 billion of assets from refusing service to "customers that may not share the same political values." ... Read full article
Simple math only partly explains why smaller lenders are adding commercial and industrial loans at a faster clip than their larger counterparts. ... Read full article
The changes will expand the role of the Consumer Advisory Board and other panels, but stopped short of reversing the downsizing ordered last year by former acting Director Mick Mulvaney. ... Read full article
Wells Fargo said Chief Executive Tim Sloan has the full support of its board following a report that directors had reached out to Goldman Sachs' former chief financial officer for his job. ... Read full article
David Brickman will take the helm of the mortgage giant at a time of transformation in the mortgage market and housing finance policy. ... Read full article
Trying to keep pace with big banks that digitize as many processes as possible will undercut community banks’ strengths, according to speakers at this year’s ICBA convention. ... Read full article
The role of the central bank has changed over the decades, but presidential pressure on the Fed has been a constant. ... Read full article
The Swiss bank’s CEO calls the trading environment “one of the worst in recent history”; 10,000 of German bank's U.S. employees fret over their future. ... Read full article
Mark Calabria has notably criticized the government’s role in housing, but some groups have taken him at his word when he told senators that he supported affordable housing initiatives. ... Read full article
In a unanimous ruling, the court placed new limits on the ability of consumers to sue law firms that handle foreclosures on behalf of mortgage servicers. ... Read full article
Speaking at a press conference, Federal Reserve Chairman Jerome Powell said the bank’s risk management failures have required a dramatic overhaul of its processes. ... Read full article
U.S. banks accounted for nearly 40% of the financing worldwide to such firms, according to a report by Rainforest Action Network. ... Read full article
An executive at the Rhode Island company said the complexity of business lending remains an obstacle to switching to entirely automated, paperless operations. ... Read full article
A report from the Government Accountability Office found that while the Federal Home Loan banks have taken steps to improve diversity among boards of directors, members are still largely male and nonminorities. ... Read full article
There’s currently a focus on investing in technology and data to remain competitive, but financial firms also need to ensure they are helping workers adapt, argues Synchrony’s Margaret Keane. ... Read full article
The bank aims to revitalize with internal promotions; German chancellor will let the country’s two biggest banks work things out themselves. ... Read full article
There’s bipartisan consensus that the conservatorships of Fannie Mae and Freddie Mac are unsustainable, but that may not be enough for lawmakers to upend the current system. ... Read full article