Fed exempts most regional banks from stress testing in 2019
The exemption was included in a suite of other changes unveiled to provide greater transparency to the Fed's stress testing regime. ... Read full article
The exemption was included in a suite of other changes unveiled to provide greater transparency to the Fed's stress testing regime. ... Read full article
A year after buying the artificial intelligence fintech Layer 6, TD Bank is "rewiring how the organization has worked," Gregory Braca says. ... Read full article
The lender collected at least $21,800 that consumers did not owe and harassed borrowers' personal references, according to a CFPB settlement. ... Read full article
Despite recent chatter about a delay, there’s reason to believe the Current Expected Credit Losses accounting standard will go into effect next year. Regulators should do more to help smaller institutions prepare. ... Read full article
Federal Reserve chairman and vice chairman meet the president for dinner, but interest rates aren’t on the menu ... Read full article
Absent some policy change, nearly a third of the loans backed by Fannie Mae and Freddie Mac could be in violation of the Consumer Financial Protection Bureau's Qualified Mortgage rule in two years. ... Read full article
Facebook is inching closer to threatening traditional processors and financial institutions with its own digital currency by adding staff with expertise in the underlying technology. ... Read full article
Consolidation of midsize firms in health care and other industries is expected to heat up in 2019. That’s welcome news to banks that have recently acquired boutique M&A advisory firms. ... Read full article
Popular TV shows about house fixers and flippers have sparked consumer interest in remodeling, creating an opportunity for lenders to build a specialty in renovation loans while traditional mortgage lending is weak. ... Read full article
Policymakers need to update banking regulations to minimize the risks posed by technology companies entering financial services, a well-known policy analyst says in a new paper. ... Read full article
Bankers weigh their options in mortgage and CRE lending as implementation of a new accounting standard nears. ... Read full article
Deutsche Bank denied a request for a loan by the Trump Organization in the midst of Donald Trump's presidential campaign, in part because the German lender was worried about potential reputational issues, according to a person familiar with the ... Read full article
The bureau’s updated no-action-letter policy and “product sandbox” proposal are important steps in helping the industry adapt during this period of rapid change. ... Read full article
The bank said it will hold back bonuses to its former CEO and others as it probes the 1MDB scandal; the House is looking into the bank’s loans to Trump's firm. ... Read full article
As the consumer lender announced its seventh consecutive profitable quarter, its CEO bragged that his company is better positioned than the likes of Goldman Sachs and LendingClub. ... Read full article
Banks spend heavily on marketing to win deposits, push digital; Wells Fargo bends to critics in its latest response to scandals; FDIC review of brokered deposits has big implications for branches; and more from this week's most-read stories. ... Read full article
The CFPB banned online payday lender NDG Financial, three corporate officers and nearly a dozen affiliated companies from lending to consumers in the U.S. ... Read full article
Just as the Trump administration appears focused on releasing a framework without Congress, the Senate Banking Committee has re-entered the policy fray with a new proposal. ... Read full article
BBVA Compass in Birmingham, Ala., reported 6% increases in loans and revenue, as strength in consumer loans and credit cards offset weakness in fee income. ... Read full article
The Consumer Financial Protection Bureau has published a new "frequently asked questions" tool to help mortgage lenders with TILA-RESPA integrated disclosures compliance. ... Read full article